Top-Ranked Lenders Continue to Actively Hire June 4, 2020 Maria Volkova United Wholesale, Quicken Loans and Freedom Mortgage are among the firms that have announced plans to fill thousands of vacancies.Read More
In the Face of a Pandemic, MI Firms Unveil Capital Raises June 4, 2020 Maria Volkova Based on two deals announced this week, it’s apparent that capital markets investors are open to investing in MI firms during the pandemic.Read More
Ocwen Shareholders Approve Reverse Stock Split that Could Reach 1-for-25 June 3, 2020 Paul Muolo The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.Read More
Expanded-Credit Lending Gets Caught in the Coronavirus Downdraft June 2, 2020 Brandon Ivey “It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending... Read More
Corporate Landlord IH Reports Strong Rent Collections, High Occupancy Rates June 1, 2020 Paul Muolo Originally grubstaked by Wall Street and once the recipient of a large loan from Fannie Mae, the REIT saw the average occupancy rate of its SF units increase to a record-high 97.5%...Read More
On the Mend: Non-QM MBS Issuance June 1, 2020 Brandon Ivey Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.Read More
Amid Forbearance Concerns, Ginnie Issuance Sets New Monthly Record in April June 1, 2020 John Bancroft Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.Read More
FHA Finalizing Forbearance Policy for Loans in Progress May 29, 2020 Paul Muolo FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.Read More
Seniors Move to Tap Equity as Pandemic Spreads May 29, 2020 Yemeng Yang Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.Read More
Forbearance Rate for FHA/VA Loans Climbs May 29, 2020 Maria Volkova As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.Read More
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