FHA/VA Correspondent Lending Posts Nice Gain in 4Q20 March 29, 2021 John Bancroft PennyMac Financial was, hands-down, the top producer in the correspondent channel with $60.51 billion, a 24.2% increase from 2019.Read More
Some Lenders Fall In Line, Embracing New QM Rule March 29, 2021 Brandon Ivey Sprout's Shea Pallante: “This is a big step forward for mortgage professionals...”Read More
In Stock Buyback Deal, KKR Reduces its Stake Mr. Cooper March 29, 2021 Paul Muolo Thanks to rising rates, mortgage stocks have been under pressure of late but most of the declines have affected lenders that recently went public as opposed to “older” firms such as Mr. Cooper and PennyMac Financial Services.Read More
Secretary Fudge Wants $100 Billion More for HUD March 26, 2021 Maria Volkova Marcia Fudge invites political controversy during her first White House briefing as HUD secretary.Read More
More Declines in Forbearance Likely as Economy Rebounds March 26, 2021 Maria Volkova The number of active plans in forbearance declined by 135,000 over the last month, according to Black Knight.Read More
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
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