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More Than Half of States Now Permit Remote Work for MLOs

November 10, 2023
Sam Manas
Some 30 jurisdictions across states and territories now have a law or regulation permitting mortgage loan originators to work remotely.
Read More

NAAHL CEO Roberts to Retire by Year’s End

November 10, 2023
Monica Hogan
Buzz Roberts, president and CEO of the National Association of Affordable Housing Lenders, is optimistic that the proposed Neighborhood Homes Investment Act will move forward before he retires.
Read More

REITs Start Trimming Dividends. A Temporary Thing?

November 9, 2023
Paul Muolo
When times turn tough, some mortgage REITs start cutting the dividends they pay shareholders, but not all. Meanwhile, book values are getting slammed. A time to buy these equities or sit on the sidelines?
Read More

Fannie, Freddie Closing the Credit-Risk Transfer Spigot

November 9, 2023
Dennis Hollier
CAS, STACRs, CIRT and ACIS volume were all down sharply during the first nine months as origination volume continued to decline. (Includes data table.)
Read More

Fed Ignores Industry’s MBS Proposals

November 9, 2023
Dennis Hollier
Federal Reserve Chair Jerome Powell insisted the FOMC has no plans to slow the runoff of agency MBS from its balance sheet.
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CMBS Issuers With Vertical Integration Have Advantages

November 9, 2023
James Dohnert
Commercial MBS issuers that source loans from affiliated lenders have lower rate spreads when compared to CMBS pooled by investment banks with loans from third-party lenders.
Read More

FIP Sees Strong Demand for Triple-Net-Lease Securitization

November 9, 2023
Monica Hogan
Fundamental Income Properties recently closed an upsized $314.9 million single-tenant triple-net-lease securitization.
Read More

FHFA Puts Nonbank FHLB Eligibility Ball in Congress’ Court

November 9, 2023
Dennis Hollier
In a review of the Federal Home Loan Bank system, the Federal Housing Finance Agency riled some mortgage industry participants by failing to endorse expanding FHLBank membership to include nonbanks.
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A Hopeful Sign: Improving Gain-on-Sale Margins

November 9, 2023
Paul Muolo
The profit picture is improving at many shops, but a discernible increase in originations will be needed before the industry can breathe easier.
Read More

When Might Cenlar be Sprung From Consent Order Prison?

November 9, 2023
Paul Muolo
Cenlar, the largest subservicer in the mortgage industry, has been on a middle- and senior-manager hiring spree the past 18 months as it tries to meet the demands of an OCC consent order filed two-plus years ago.
Read More
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