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Grapevine: Approval Molasses / Trying New Things

February 3, 2022
Paul Muolo
Bank M&A deals are lingering. Blame the regulators or is it something else? Meanwhile, LOs are trying new products, including reverse mortgages.
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Consumer Complaints Reach Another Record in 2021

February 2, 2022
Sam Manas
Consumer complaints about debt collection saw a hefty 30.6% rise.
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loanDepot CEO Discloses Stock Purchases in Call With Analysts

February 2, 2022
Paul Muolo
loanDepot went public roughly a year ago. Its stock once traded as high as $39 a unit...
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As ‘Fence Sitters’ React, A Nice Comeback for New Loan Applications

February 2, 2022
Paul Muolo
Application whiplash? But in a good way...
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Nonprofit Coalition Offers Blueprint to Improve Fannie/Freddie DTS Plans

February 2, 2022
Dennis Hollier
In particular, the plans were long on outreach, but failed to describe where the GSEs would provide liquidity...
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An Earnings Plunge for loanDepot. Servicing Writedowns Too

February 1, 2022
Paul Muolo
In a bit of a surprise, loanDepot also recorded negative changes to the fair market value of its mortgage servicing portfolio totaling $118.7 million.
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Nonbanks Continue to Grow GSE Servicing Share in 4Q

February 1, 2022
Dennis Hollier
Even small and mid-sized nonbanks bested the megabanks: 20.0% versus 18.3%.
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FHFA Chief Shares Views on LLPA Hikes, More...

February 1, 2022
Dennis Hollier
Thompson acknowledged that it simply costs more to buy a home in places like San Francisco and New York...
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AGNC Takes Loss in Fourth Quarter on Agency MBS Investments

February 1, 2022
Brandon Ivey
Officials at the REIT see good and bad in the Fed's recent moves.
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Consumer Complaints Reach Another Record in 2021

January 31, 2022
Sam Manas
Consumer complaints filed with the CFPB topped 500,000 in 2021, hitting a record high. Most of the complaints were against the three national credit reporting agencies. (Includes two data charts.)
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