Nonbanks Take the Lead on Social Media Strategy February 13, 2020 Yemeng Yang Mortgage lenders are increasingly taking advantage of social media platforms to advertise and maintain customer relationships. Read More
Mortgage Broker Market Share Reaches a Milestone: Best Since the Financial Crisis February 13, 2020 John Bancroft An estimated $334.0 billion of home loans were originated through the wholesale-broker channel last year, a 76.7% gain from 2018. Read More
Still Hiring: Mortgage Bankers and Brokers February 12, 2020 Paul Muolo Thanks to continued low interest rates, mortgage bankers and brokers are seeking additional workers... Read More
Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending February 11, 2020 Paul Muolo The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.Read More
Still Rising: Ginnie Mae MBS Issuance February 11, 2020 John Bancroft January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.Read More
New Residential Stays MSR Hungry February 10, 2020 Paul Muolo Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. Read More
Lawmakers Differ on the Madden Fix Proposed by FDIC, OCC February 6, 2020 Yemeng Yang There is a stark difference between Democrats and Republicans when it comes to the proposals to codify the valid-when-made doctrine. Read More
JPM May Reenter FHA Direct. Ramifications for Ginnie Issuers? February 6, 2020 Paul Muolo In a surprise move, Chase this week said it’s contemplating a return to FHA direct lending. Ramifications for the Ginnie MBS market? Yes. Read More
States Fear Losing Consumer Protection Power, Resources February 5, 2020 Yemeng Yang The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…Read More
Puerto Rico Requires Servicers to Report on EQ Assistance Efforts February 5, 2020 Yemeng Yang Lenders and servicers that fail to provide their reports to the OCFI in a timely manner may be subject to penalties.Read More
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