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Retail (FHA/VA) Holds Up Slightly Better in 2Q21 Slump

September 27, 2021
John Bancroft
Freedom Mortgage was the top retail government lender in the first half of 2021...
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Wedbush Hikes Estimates on Rocket but Still Has It as an ‘Underperform’

September 27, 2021
Paul Muolo
Rocket recently extended two master repurchase agreements it has, one with Barclays Bank and another with Citibank.
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Redwood Seeks Growth, May Abandon Its REIT Status

September 27, 2021
Brandon Ivey
The CEO detailed a variety of plans, from establishing asset management operations to venturing into home-equity products and expanding its footprint in business-purpose lending.
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Mortgage Bankers Want More Details on Employee Vaccination Mandates

September 27, 2021
Monica Hogan
The nation’s sixth-ranked lender, loanDepot, doesn’t have a corporate back-to-the-office mandate yet...
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House Subcommittee Pulls Bill to Remove VA Loan Limit

September 24, 2021
Monica Hogan
The House Committee on Veterans’ Affairs removed from a hearing agenda a draft bill that would have allowed veterans two concurrent uses of a VA guarantee entitlement.
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House Committee Marks Up Infrastructure Bill

September 24, 2021
Monica Hogan
The House Committee on Financial Services last week marked up legislation that would devote $322 billion in funding to affordable housing, including for a pilot program to expand small-dollar lending options for homes that cost up to $100,000.
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FHA, VA, Ginnie Officials Look Forward

September 24, 2021
Monica Hogan
During a recent conference, officials from government agencies spoke about their responses to the COVID-19 pandemic and the top challenges facing them next year.
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McCargo’s Nomination to Helm Ginnie Lauded

September 24, 2021
Monica Hogan
President Biden’s planned nomination of Alanna McCargo to serve as Ginnie Mae president received widespread support from the industry.
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CBO Estimates $268B in 2022 VA Loan Guarantees

September 24, 2021
Monica Hogan
The Congressional Budget Office estimate compares to a record 2020 that saw VA guarantees total more than $375 billion.
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HECM Refi Volume Up in First Half 2021

September 24, 2021
Monica Hogan
Refinances made up nearly 50% of the reverse mortgages originated in the second quarter of 2021. Overall volume in the HECM market increased in the first six months compared to the same period a year earlier. (Includes two data charts.)
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