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Impac Has Until February 2024 to Comply With NYSE Standards

November 17, 2022
Paul Muolo
Impac's stock price hit a low of 24 cents a unit this year...
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FHA MMIF Capital Ratio Hits 11.11%, No Premium Cut Announced

November 17, 2022
Monica Hogan
Although FHA is required to maintain a minimum 2% capital ratio, there’s nothing in its Congressional mandate that speaks to a maximum.
Read More

Layoffs Abound. As for WARN Act Filings…No

November 17, 2022
Paul Muolo
Thousands of mortgage workers have been handed pink slips this year as companies move to cut costs. But it appears many shops aren’t telling the states, as required by law. Is there a rational explanation?
Read More

Time for UWM to Move Servicing Inhouse? Not Really

November 17, 2022
Paul Muolo
United Wholesale Mortgage explored the idea of servicing its own mortgages but passed. For now it's sticking with its two subservicing vendors, one of which is Cenlar.
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NMLS Renewals Stumble Early but Seem Stable Now

November 17, 2022
Sam Manas
The two-month renewal period began with some 2021 deja vu: reports of issues with credit reports and identity verification. But the problems were resolved in the early days.
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Policy Changes, New Programs Could Help Close Homeownership Gap

November 17, 2022
Monica Hogan
Homeownership programs could take a lesson from scholarship models in the education field: Intentional first-generation assistance programs could add five million net new homeowners.
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Grapevine: Time to Worry About MSRs and Capital?

November 17, 2022
Paul Muolo
No secret here: Nonbank mortgage companies are living off their mortgage servicing rights during the industry’s sizable downturn. How much longer can it last? Hard to say, but Fitch has some concerns.
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Fitch Worries About Servicing and Nonbank Capital

November 16, 2022
Paul Muolo
Last month, Fitch issued peer reviews on six shops...
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UWM Extends Rate Buydowns, Offering Temporary Discounts of Up to 300 BPs

November 16, 2022
Paul Muolo
There are different variations on the rate discount...
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Private Mortgage Insurers Plan for Ongoing Economic Volatility

November 16, 2022
Monica Hogan
Enact made selective price increases in the third quarter, a practice that continued into the next month...
Read More
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