Grapevine: A Reduced Mortgage Presence for Wells? August 18, 2022 Paul Muolo The market continues to chatter about Wells Fargo’s future in mortgages. Meanwhile, time to cash out of home finance?Read More
Ginnie and FHFA Release Mostly Simpatico Eligibility Requirements for Servicer/Issuers August 17, 2022 Paul Muolo and Dennis Hollier There are no stunning changes on the required capital minimums...Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
On the Comeback Trail: Assumable Mortgages? August 17, 2022 Monica Hogan HUD: “In the current rate environment, the assumability feature of FHA-insured mortgages is receiving greater attention.”Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
The Decline in GSE MBS Issuance Slows in July August 16, 2022 Dennis Hollier The top three GSE MBS issuers in July: Rocket Mortgage, UWM and PennyMac Financial, all nonbanks...Read More
Red Ink, Layoffs the Order of the Day at Mortgage Vendor Blend August 16, 2022 Paul Muolo The San Francisco-based tech vendor also revealed that it decided to eliminate 220 full-time positions...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
When the Going Gets Tough in Mortgages, Some Banks Partner With Rocket August 16, 2022 Brandon Ivey The alliance offers Santander a chance to evolve its business without added costs...Read More
MD, CT First States to Enact CSBS Model Prudential Standards August 15, 2022 Sam Manas The first two states to adopt the CSBS’ model standards for nonbank mortgage servicers diverged in some ways from the model.Read More
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