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New Leadership May Further Delay CFPB QM Rulemaking

November 19, 2020
Yemeng Yang
Industry attorneys said a Biden administration may run into legal hurdles if it wants to make substantial changes to the proposed QM rule. The bureau may have to restart the process from scratch.
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Shifting Job Trends: From LO to Broker Status?

November 19, 2020
Paul Muolo
As originations surge, the mortgage employment picture continues to brighten — that's good news for the rank-and-file but potentially bad news for the C-suite.
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MMIF FY20 Capital Ratio Rises. Time to Cut the MIP?

November 19, 2020
Maria Volkova
The MMIF enjoys a cash cushion of $77.8 billion for “forward” loans, an increase of $12.2 billion from last year, a HUD audit found.
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Short Takes: Guild Gets an ‘Outperform’ / Purchase Heavy / The Volume Story So Far / Turn-Times Could be Better / FHA Facts

November 18, 2020
Paul Muolo

Some LOs are reporting turn-times stretching up to 35 days...


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Social Media Endorsements and RESPA? It’s Complicated

November 18, 2020
Yemeng Yang

Attorney Jan Keas: “I think a logical question you always want to ask about social media activity is why are you doing what you are doing..."


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On the Rise Once Again: Ginnie Mae Buyouts

November 18, 2020
Paul Muolo

The list of nonbanks involved in Ginnie buyouts is beginning to grow...


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Impac CEO: GSE Loans (Currently) Offer Strong Margins, Better Than Non-QMs

November 18, 2020
Brandon Ivey

George Mangiaracina: “Without getting into specifics ... margins are 50% better in GSE than they are non-QM.”


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FHFA Slashes Multifamily Caps for 2021

November 17, 2020

The Warehouse Gravy Train Continues Unabated in 3Q20

November 17, 2020
Paul Muolo

When nonbanks thrive that can only mean good things for warehouse providers...


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Provident Generating Strong Earnings, Fitch Reveals

November 17, 2020
Brandon Ivey

Fitch also revealed that Provident received a $20 million equity infusion from an affiliated entity in March. Craig Pica, Provident’s CEO, and members of his family, own a majority stake in the lender.


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