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Stress Tests Informed Ginnie Eligibility Requirements

November 23, 2022
Monica Hogan
Ginnie Mae has been running stress tests on nonbanks since 2018. Each issuer is tested twice a year and the analysis covers all four Ginnie programs. 
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A Price War at a Difficult Time for Lenders

November 23, 2022
Paul Muolo
UWM is offering a one-year price break of up to 300 basis points for mortgage borrowers. A price war? That’s how some in the industry view it. Note: Price wars have been known to end badly. 
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Time is Running Out for Better.com, Aurora

November 23, 2022
Paul Muolo
Blank-check company Aurora Acquisition Corp. issued a new 10-K mid-month, saying little about its merger partner Better.com. 
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CFPB Cracks Down on LO Comp, Convenience Fees

November 23, 2022
Sam Manas
In a new supervisory roundup, the bureau cited mortgage companies for violating loan originator compensation rules and charging payment-method convenience fees. 
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Nationstar Accused of Denying COVID Loan-Mod Requests

November 23, 2022
Dennis Hollier
A Cleveland homeowner says Nationstar (now known as Mr. Cooper) improperly declined his COVID-related loan-modification request. Nationstar acquired the servicing rights from another company. 
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FHFA: Loans With Appraisal Waivers More Likely to Prepay

November 23, 2022
Dennis Hollier
The relationship between waivers and prepayments began to decline in April 2021, as the refinance wave cooled.
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A Consensus Forms: Housing Prices Are Plateauing

November 23, 2022
Monica Hogan
The recent rise in interest rates has slowed the pace of home price appreciation, according to reports from Zillow, Redfin and the National Association of Realtors.
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Time for UWM to Move Servicing Inhouse? Not Really

November 23, 2022
Paul Muolo
loanDepot moved its servicing inhouse. UWM is sticking with its two subservicing vendors...
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Despite Market Churn, MSR Financing Is in Good Supply

November 23, 2022
John Bancroft
There haven’t been many capital markets deals lately because spreads are too wide, noted one panelist...
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Delinquencies Fall Yet Again, Reaching an All-Time Low

November 23, 2022
Andras Malatinszky
Mortgage late payments were down in all default categories in 3Q22, with the exception of the 60-90-day bucket...
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