FoA Revamps Organizational Structure, Business Reporting Lines March 24, 2022 Paul Muolo Finance of America recently posted a huge 4Q21 loss and saw its president depart. Challenges remain, to say the least.Read More
Tribal Groups Want to be Heard on DPA Rulemaking March 24, 2022 Monica Hogan Native American tribes have urged HUD to engage in “robust and meaningful” consultation before undertaking changes to the FHA downpayment assistance program.Read More
White House Establishes Plan to Root Out Appraisal Discrimination March 23, 2022 Monica Hogan A senior administration official said the task force will continue its work beyond the release of the plan. In other words, more to come...Read More
Jumbo Lending Through Correspondents Increases in Fourth Quarter March 23, 2022 Brandon Ivey The increase in correspondent lending was driven by JPMorgan Chase and Wells Fargo...Read More
Wither the Ginnie EBO Market? Not Quite March 23, 2022 Paul Muolo A few days earlier, Mortgage Industry Advisory Corp. unveiled a Ginnie EBO package with $1.11 billion of product.Read More
Production Profitability Takes It On the Chin March 22, 2022 Paul Muolo MBA: "With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs"...Read More
Non-Agency MBS With GSE-Eligible IPLs Still Under Pressure March 22, 2022 Brandon Ivey Whole loan investors are being very careful about what they're willing to pay...Read More
NAHREP Report Calls for FHA Policy Updates March 22, 2022 Monica Hogan NAHREP: There’s also a perception that appraisals for FHA loans will be stricter...Read More
MBA Holds Firm on FHFA Not Regulating GSE Lenders March 21, 2022 Dennis Hollier The trade group believes Congress envisioned the agency as the regulator of the enterprises, not the marketplace as a whole...Read More
HECM Production the Highest Since 2009 March 21, 2022 Namrata Bhatia The top three HECM lenders in 2021: American Advisors Group, Reverse Mortgage Funding and Mutual of Omaha...Read More