Increasingly, Fannie and Freddie are Sticking to Core Activities November 1, 2022 Brandon Ivey Noncore business at the GSEs is declining due to both diminished demand and a change in pricing policies made by the FHFA...Read More
WARN Act Violations Cited in FGMC Bankruptcy Case November 1, 2022 Paul Muolo The information is based on an amended declaration made by CEO Aaron Samples...Read More
LO Headhunting Continues Unabated (Somewhat) November 1, 2022 Paul Muolo Hiring more loan officers, now? Mortgage bankers, at times, can be an optimistic lot....Read More
VA Proposes Revisions to Interest Rate Reduction Refi Loans November 1, 2022 Monica Hogan Comments are due Jan. 3 of next year...Read More
Expanded-Credit MBS Issuance Off by Almost 20% October 31, 2022 Brandon Ivey Angel Oak ranked second with EC MBS issuance of $579.6 million...Read More
PRMG, Others in the Hunt to ‘Sign Up’ Finance of America Branches October 31, 2022 Paul Muolo Guaranteed Rate had hoped to takeover a large chunk of the FoA network but the deal fell apart...Read More
Short Takes: An Exclusive Lending Club / Public vs. Private / BayFirst Exits the Arena / UWM’s Earnings? / Fannie and Freddie? October 31, 2022 Paul Muolo It should be an interesting earnings quarter for UWM...Read More
Gordon Seeks Stable Funding for FHA Catalyst IT Modernization October 28, 2022 Monica Hogan FHA needs reliable funding to continue its multi-year Catalyst information technology upgrade, Commissioner Julia Gordon said in a recent interview.Read More
FHA Commissioner Discusses Market Challenges at MBA Convention October 28, 2022 Monica Hogan As the landscape shifts from refinances to purchase mortgages, the FHA program can be a volume generator, FHA Commissioner Julia Gordon told attendees at the annual Mortgage Bankers Association convention.Read More
Ginnie Grants One-Year Reprieve on Risk-Based Capital Standards October 28, 2022 Monica Hogan Nonbank issuers participating in Ginnie Mae MBS now have until the end of 2024 to comply with new risk-based capital requirements.Read More