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FHFA OIG Finds Conflicts of Interest at Fannie...

April 6, 2021
Dennis Hollier

In 2017, the Inspector General found 57 instances, over a five-year period, of violations of the COI policy in place at the time. The wrongdoers: senior executive officers...


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Another Ginnie EBO Portfolio Hits the Auction Block

April 6, 2021
Paul Muolo

When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.


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Mortgages Backed by NOOs Hitting the Secondary Market and Not in a Good Way

April 5, 2021
Paul Muolo

RAMS: “Large, medium, and small originators are all in the same boat looking for new outlets for this product.”


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Wholesale CEO Criticizes GSE Limits on Investment Property Loan Purchases

April 5, 2021
Dennis Hollier

“Here’s what it means to you,” said the CEO. “You’re going to start seeing that second homes and investment homes might have loan-level price adjustments"...


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GSE Business Volume Rock Solid in 1Q21 but Off From Fourth Quarter

April 5, 2021
John Bancroft

The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...


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loanDepot Moves Servicing Inhouse, Acra Goes the Other Way

April 2, 2021
Paul Muolo
Subservicing has been a growth business the past several years but now some mortgage bankers, flush with cash from the refi boom, are bringing the task inhouse.
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Is Biden’s First-Time Homebuyer Tax Credit Dead?

April 2, 2021
Maria Volkova
Some industry watchers believe the tax credit is on hold because it could drive up prices in an already tight housing market.
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Grapevine: UWM and PMT Return to the Debt Mine...

April 2, 2021
Paul Muolo
Federal regulators may secretly worry about nonbanks’ viability, but institutional investors continue to buy the debt of top-tier NBs.
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Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji

April 2, 2021
Paul Muolo and Brandon Ivey

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…


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One More Mortgage IPO: Blackstone’s Mortgage Unit Starts Trading Monday

April 2, 2021
Paul Muolo

More gas left in the mortgage IPO tank? Some...


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