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Movement Mortgage Fined After NCRC Alleges Fair Lending Violation

June 2, 2022
Monica Hogan
Despite settling, Movement denies it gave less favorable treatment based on race or national origin...
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Short Takes: Better Late Than Never (Signature) / On the Menu / Time to Worry About the MMIF? Probably Not / Cutting Dead LO Wood

June 2, 2022
Paul Muolo and Monica Hogan
Time to review your LO roster and make some of them free agents?
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A Slight Lull in MSR Auctions, Prices Ebb

June 2, 2022
Paul Muolo
Servicing bids are off their highs for the year, but the situation could be temporary. As originations wane in the quarters ahead, nonbanks could flood the market with more auctions.
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Lenders Banking on Purchase Loans Face Supply Issues

June 2, 2022
Sam Manas
Data from multiple listing services show that the housing inventory shortage is acute, with closed and pending home sales outpacing new listings.
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Nonbanks Lean on MSRs to Prop Up Mortgage Originations

June 2, 2022
Brandon Ivey
According to new research paper, nonbanks use their MSRs to help fund operations in a rising rate environment, resulting in stronger originations in comparison to banks.
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FHFA Adds Disclosure Requirements to ERCF

June 2, 2022
Dennis Hollier
Starting next year, investors and other industry stakeholders will have a more granular view of the capital status of Fannie and Freddie.
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Updated Interagency Guidance on Flood Insurance Policy

June 2, 2022
Monica Hogan
The manual describes when flood insurance is mandated and when exemptions are allowed, among other issues.
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Older Mortgage Applicants Face Higher Denial Rates

June 2, 2022
Monica Hogan
In addition to higher rejection rates, older mortgage applicants also face higher interest rate spreads, according to new research from a Fed economist.
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Grapevine: Originating at a Loss? / The Reality of Stock Buybacks

June 2, 2022
Paul Muolo
How do you know when a mortgage cycle has reached its nadir? When originators produce loans at a loss. We’re not there yet but we could be close. Meanwhile, just because a lender announces a stock buyback that doesn’t mean it will happen.
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Slip Sliding Away: Mortgage Application Volume

June 1, 2022
Paul Muolo
The refi share in the latest measurement came to 32.3%...
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