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Industry Nears Third Year of Disruption as Omicron Surges

January 6, 2022
Monica Hogan
The mortgage finance and housing industries are monitoring the surge of the omicron variant of the coronavirus.
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Democrat Control of FDIC Could Lead to Tighter Merger Rules

January 6, 2022
Sam Manas
FDIC Chair Jelena McWilliams’ resignation clears the path for Democratic control of FDIC rulemaking, which could translate into tougher bank merger rules.
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Grapevine: The First M&A Shot is Fired / Rocket’s New Man at the Top

January 6, 2022
Paul Muolo and Monica Hogan
It could be a brisk year for mortgage company sales. But how fierce might the roll-up be? Changes in Rocket’s C-suite.
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FHFA Hikes LLPAs On Second-Home and High-Balance Loans

January 5, 2022
Dennis Hollier
Industry consultant Mark Goldhaber: "At least it's a step in the right direction."
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Texas Depository Buys a $2.1 Billion Originator

January 5, 2022
Paul Muolo
TPP has several sister banks and is a subsidiary of Southwest Bancshares...
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ARM Production Increases, But Don't Get Too Excited...

January 5, 2022
Brandon Ivey
The top five ARM lenders through the first nine months of 2021: Bank of America, Chase, Wells Fargo, First Republic and Citigroup...
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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loanDepot Reaches Milestone on Developing Inhouse Servicing Platform

January 4, 2022
Paul Muolo
Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...
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Lenders, Trade Groups Favor NMLS Modernization Plan

January 4, 2022
Sam Manas
Freedom, the nation's seventh largest originator, said modernization needs a buy-in from all states.
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Mortgage Banking Results Mixed at Banks and Thrifts

January 4, 2022
John Bancroft
A significant factor was the entry of Western Alliance Bank into mortgage banking after its acquisition of nonbank AmeriHome Mortgage...
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