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Credit Union Joins Ranks of Warehouse Lenders

November 24, 2021
Paul Muolo
Pentagon Federal Credit Union, commonly known as PenFed, has entered the arena of lending money to nonbank primary market originators. Details? So far, there are few.
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Closing the Racial Housing Wealth Gap Requires New Strategies

November 24, 2021
Monica Hogan
UI researchers suggest policymakers ensure public investments are equitably distributed across communities because increasing minority homeownership alone won’t be enough to close the gap in housing wealth.
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Data and Platforms: Redwood Talks Tech

November 24, 2021
Sam Manas
A Redwood executive shared how new tech was implemented at the company, largely revolving around features improving customers’ experience.
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Ginnie Servicers Using ‘Soft’ Information to Fuel Early Buyouts

November 24, 2021
Paul Muolo
A recent white paper from three academics attempts to cast some light on the practice of Ginnie Mae EBOs. But should the end investor be worried?
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Ginnie Investors Eye COVID Forbearance Exits

November 24, 2021
Monica Hogan
Nick Maciunas, head of agency research at JPMorgan, spoke about how COVID-related forbearance loan modifications may impact Ginnie investors during a recent podcast hosted by the agency.
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MSR Transfer Pipeline Clogged with Too Many Deals?

November 24, 2021
Paul Muolo
The bulk market for MSR sales has never been better, and that’s a bit of a problem. Activity is so robust that due diligence reviews are piling up, delaying deal closings. A good problem to have? It depends on your profit goals.
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Lenders Eye Non-QMs as a Replacement for Refi Business

November 24, 2021
Brandon Ivey
Non-QMs offer the promise of strong margins and a product to replace refinance volume. They also account for a miniscule portion of mortgage originations.
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Debt Ceiling and the GSEs: A Potential Problem?

November 24, 2021
Dennis Hollier
Senate Republicans say they’re prepared to let the current debt ceiling lapse if Democrats won’t use the budget reconciliation process to pass it on their own, with implications for the GSEs.
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OIG Lists Top Challenges Facing HUD in FY2022

November 24, 2021
Monica Hogan
FHA must do more to ensure its lenders approve only loans for borrowers who meet the program’s statutory, regulatory and eligibility requirements, the HUD’s internal auditor said.
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FSOC Report Outlines Climate Change Risks

November 24, 2021
Sam Manas
The report, alongside several other federal agency reports, addresses how the government will act in creating new standards to protect communities and mitigate climate change’s economic effects.
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