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Large Origination Shops Urged to Draft Vaccination Mandate Plans

November 18, 2021
If the stay is lifted, initial employer compliance steps are required by Dec. 5, and workers covered under the rule would need to be vaccinated or tested...
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UWM’s Share Price Declines as Stock Sales are Announced

November 18, 2021
Paul Muolo
UWM became a public company at roughly $11.00 a share via a special purpose acquisition company maneuver earlier this year.
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CFPB Solicits Public Input on HMDA

November 18, 2021
Sam Manas
Of particular interest: HMDA’s effects on communities and the mortgage industry...
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A New Warehouse Record and a Handful of Newbies

November 18, 2021
Paul Muolo
Is the great warehouse lending party just about over? It’s starting to feel that way to some managers. Ominous sign: new entrants. (Includes data chart.)
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Renewed Calls for Lower FHA Premiums After Strong MMIF

November 18, 2021
Monica Hogan
The FHA Mutual Mortgage Insurance Fund ended fiscal 2021 with a capital ratio of 8.03%, more than four times its statutory minimum. As anticipated, the industry wants FHA to follow up with premium cuts.
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CFPB Reinstates Pre-COVID Mortgage Servicing Rules

November 18, 2021
Sam Manas
Federal and state regulators, including the CFPB, alerted residential servicers that the agencies will once again be exerting their supervision and enforcement authority when it comes to practices involving borrower communication.
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More Snafus for Better’s SPAC/IPO

November 18, 2021
Paul Muolo
Vishal Garg’s mortgage fintech Better originally thought it would be a public company by yearend. But now? Stay tuned.
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Employers Urged to Draft Vaccination Mandate Plans

November 18, 2021
Monica Hogan
Attorneys are urging companies to communicate how workers must comply with mandates for COVID-19 vaccinations or testing following an emergency temporary standard from the Occupational Safety and Health Administration. The OSHA mandate faces challenges in federal court.
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Appraisal Waivers Face Scrutiny as Zillow Offers Flops

November 18, 2021
Dennis Hollier
The failure of Zillow’s algorithm to provide reliable forecasts of home price changes could mean the GSEs’ automated valuation models are also suspect. Really?
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Grapevine: A Debt Sale and Buybacks for UWM / Wells Looking for a New TPO Chief

November 18, 2021
Paul Muolo
When in doubt, issue debt and repurchase equities. At least that’s what one top-ranked lender is doing. Meanwhile, Wells will soon need a TPO chief.
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