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Megabanks Report 2Q Mortgage Results. When Flat Can be Good...

July 21, 2022
Paul Muolo
Of the early reporting megabanks, there’ve been a few encouraging signs that all is not lost...
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FHFA Announces New Office of Financial Technology

July 21, 2022
Dennis Hollier
Fintechs are set to face increased scrutiny from the Federal Housing Finance Agency.
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Thompson Puts Onus of Ending Conservatorship in Congress’ Hands

July 21, 2022
Dennis Hollier
FHFA’s new director told the House Financial Services Committee that politicians must decide what the future of housing finance looks like.
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Better.com’s IPO/SPAC Faces Steep Odds

July 21, 2022
Paul Muolo and Brandon Ivey
The mortgage IPO market is in tatters these days, given higher interest rates and rapidly shrinking profits and originations. So why does fintech Better.com think it can pull off a deal?
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Attorneys Say APOR-Based QMs Likely Here to Stay

July 21, 2022
Sam Manas
The Consumer Financial Protection Bureau is likely to move forward with the QM definition established in late 2020, with possible tweaks to seasoned QMs, according to industry participants.
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FHA Still Undecided on Timing of MIP Reduction

July 21, 2022
Monica Hogan
Officials are examining multiple factors, including current housing and economic conditions, as well as trade-offs within the Congressional appropriations process, when considering a reduction to FHA mortgage insurance premiums.
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Warehouse Lenders Object to FGMC’s Bankruptcy Plans

July 20, 2022
Brandon Ivey
Customers Bank and Flagstar filed separate objections to some of FGMC’s bankruptcy plans...
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A Counterintuitive Move: Enter Non-QM Market

July 20, 2022
Paul Muolo
Licensed in 50 states, Celebrity is employee owned.
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CFPB Hiring Tech Experts to Boost Investigations

July 20, 2022
Sam Manas
The bureau expects to hire roughly 25 tech specialists over the next year or so...
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Short Takes: Lack of Housing Finance Oversight Hearings? / Impeding? / Mortgage Applications Fall / Existing Home Sales Fall / The Number-One MSR Buyer Is…

July 20, 2022
Paul Muolo
Hungry for bulk MSRs: Jamie Dimon's JPMorgan Chase...
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