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Suddenly Expendable: Correspondent Lending Platforms?

June 10, 2021
Paul Muolo
Lenders with correspondent networks that buy already-funded mortgages (agency or otherwise) are pondering their sale options.
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MBS Prepayment Speeds Continue to Decline. However...

June 10, 2021
Paul Muolo
Prepayment speeds are dropping on agency MBS but there could be choppy waters ahead on VA IRRRLs. For now, VA is staying quiet.
Read More

Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending

June 10, 2021
John Bancroft
All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.
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Departures in Texas Capital’s Warehouse Group

June 10, 2021
Paul Muolo
On the way out, via his retirement, is veteran Jack Nunnery, who will be replaced by one of his lieutenants, Madison Simm. Nunnery has been with TCB for 14 years...
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Appraisers to White House: You’ll Destroy the Profession

June 10, 2021
Maria Volkova
Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”
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Residential Appraisers Fear HUD Task Force

June 10, 2021
Maria Volkova
Not racial bias, but geographical incompetence is the reason appraisers mar home valuations, according to agents interviewed by IMF.
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Student Loan Refis: A Market Residential Lenders Should Consider?

June 10, 2021
Paul Muolo
Incenter Mortgage Advisors is known mostly as a servicing broker and whole loan trader, but through an affiliate it wants to help nonbank mortgage firms tap the student loan market. Will it fly?
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Two Top CFPB Enforcement Officials on Their Way Out

June 10, 2021
Lisa Burden
Rohit Chopra’s nomination is in a holding pattern. Meanwhile, the CFPB is losing two high-profile enforcement attorneys and the DFPI its commissioner.
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Ready Capital Prices $100M Public Stock Offering

June 10, 2021
Lisa Burden
The real estate finance company completed its merger with Anworth and reported strong first-quarter results on Freddie Mac business.
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Credit Union Steps Up to Buy TIAA’s Correspondent Unit

June 9, 2021
Paul Muolo
No purchase price was revealed. It marks at least the second known correspondent sale of the spring/summer season...
Read More
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