As Nonbanks Increase Market Share, Complaints Decline September 15, 2022 Sam Manas The researchers also found that when nonbanks gain share, banks shift their focus to higher-income borrowers...Read More
Coming Soon: The GSE Trial of the Century. Fairholme v. FHFA September 14, 2022 Dennis Hollier Among those testifying: Ed DeMarco, James Lockhart and Timothy Mayopoulos...Read More
Industry Tells White House Time is Right for an FHA MIP Cut September 14, 2022 Monica Hogan The plea came in the form of a letter to Brian Deese, director of President Biden’s National Economic Council.Read More
Another Senior Hire for loanDepot September 14, 2022 loanDepot, like most lenders, is trying to right-size its operations...Read More
A Summer Full of Mortgage Job Losses... September 14, 2022 Paul Muolo Some of Sprout's West Coast staff found jobs at Acra Lending...Read More
Short Takes: Do I Hear 125 BPs? / Of Rates and Applications / Points and Rates / A New Non-QM Deal / Approvals and Opioids September 14, 2022 Paul Muolo and Dennis Hollier Next week, all eyes will be on the FOMC...Read More
PIMCO Back Bidding on Non-QMs. Did It Ever Leave? September 13, 2022 PIMCO is hunting for collateral with note rates north of 8.0%...Read More
NCRC Questions the Usefulness of HMDA Information September 13, 2022 Sam Manas Some 23% of loans collected in the 2021 HMDA dataset lacked demographic information...Read More
Rating Agency Strikes Deal for Analytics Provider September 13, 2022 Paul Muolo dv01 will operate as separate, independent company…Read More
NCRC Raises Concerns About Missing Demographic Data in HMDA September 12, 2022 Sam Manas The National Community Reinvestment Coalition criticised the growing practice among lenders of not collecting race and ethnicity data under HMDA, saying 23% of listed loans now lack the information.Read More
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