House Discusses Assistance for First-Generation Homebuyers March 26, 2021 Maria Volkova A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.Read More
CRL Seeks Equitable Distribution of $10B Homeowner Fund March 26, 2021 Maria Volkova Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.Read More
Ginnie Mae to Publish ESG Data Point for MBS Investors March 26, 2021 Maria Volkova A test file of the enhanced disclosure will be made available to investors in mid-April 2021.Read More
Wells Fargo Settles LO ‘Wage Theft’ Lawsuit March 26, 2021 Lisa Burden The plaintiffs charged that Wells did not pay loan officers for non-sales work, such as mandatory meetings, training and coaching sessions...Read More
A Blowout 1Q21? Originators Preview Strong Production. However… March 26, 2021 “Volume is holding up pretty strong,” said Bill Lowman, CEO of American Pacific Mortgage, Roseville, CA.Read More
Flow Deal Could Net Buyer $1.2 Billion of MSRs March 26, 2021 Paul Muolo The MSR totals are based on February loan production by this particular seller...Read More
LoanDepot Quickly Hikes Private Debt Offering March 25, 2021 Paul Muolo Although rates have been rising, nonbank MBS issuer loanDepot this week took a trip to the corporate debt well, offering seven-year paper.Read More
Grapevine: Rocket, UWM and the Ginnie EBO Arena; $6 Billion on Marketing? March 25, 2021 Paul Muolo If you want to be a player in Ginnie Mae early buyouts, you’ll need cash, lots of it. But is the window starting to close?Read More
As 1Q21 Draws to a Close, the Origination Champagne Keeps Flowing March 25, 2021 Paul Muolo The production tsunami continued apace in the first quarter but there’s evidence the waves are dying down.Read More
Grapevine: Acra Eyes Retail; Free Overnight Borrowings? March 25, 2021 Paul Muolo Changes are afoot at Acra Lending, which helped revive the nonprime sector early last decade. On the to-do list: a retail shift and a partnership with ServiceMac.Read More
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