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A Strong Year for Purchase Lending but Refis Took Home the Gold

March 4, 2021
John Bancroft

Lenders originated an estimated $1.431 trillion of home-purchase loans last year, a solid 13.9% increase from 2019...


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CFPB Wants to Delay Mandatory Compliance Date for General QM Rule

March 4, 2021

Under standards established during the last days of the Trump White House, the patch was set to expire for loans with applications of July 1, 2021 and beyond.


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One for the Record Books: A Stunning Year for Warehouse Lenders

March 4, 2021
Paul Muolo
Warehouse providers racked up $137.0 billion of commitments at year end, arming nonbanks with the credit they needed to make a record amount of new loans. A repeat performance in 2021? Probably not, but a good year nonetheless is expected. (Includes data chart.)
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Rocket, the Seventh Most Shorted Stock in America. Meaning?

March 4, 2021
Paul Muolo

What goes up, sometimes comes down.


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Citing COVID, CFPB Wants Delay in General QM Compliance

March 4, 2021
Lisa Burden, Brandon Ivey, and Paul Muolo
The powerful consumer regulator said extending the compliance date of the general QM final rule will give lenders more time to use the GSE “patch.”
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Grapevine: Assessing the IPO Market; A Dumb Short?

March 4, 2021
Paul Muolo
Shorting mortgage stocks seems like an easy way to make money, Right? Don’t bet on it, especially when insiders own most of the shares.
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PennyMac Sees Green from the Ginnie EBO Game

March 3, 2021
Paul Muolo

PennyMac is hardly alone, but its disclosure reveals just how profitable the strategy can be...


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Slip Sliding Away: Jumbo MSRs

March 3, 2021
Brandon Ivey

Wells Fargo was the top jumbo servicer, with $268.73 billion of product at yearend, down 14.2% from the end of 2019.


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CFPB Nominee: Agency Will Not Dictate Housing Finance Policy

March 3, 2021
Lisa Burden

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...


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For the First Time in Five Weeks, Forbearance Tally Rises; CFPB Issues Warning…

March 2, 2021
Paul Muolo

Meanwhile, the CFPB issued a report that warns of widespread evictions and foreclosures once “federal, state, and local pandemic protections come to an end, absent additional public and private action.”


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