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Mortgage Assumptions Could Make a Comeback

August 11, 2022
Monica Hogan
Lenders want FHA to increase the limit on fees they can charge for processing an assumable mortgage, a product expected to gain popularity in the coming months.
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One-Third of Declined Mortgage Loans Eligible for DPA

August 11, 2022
Dennis Hollier
Fannie Mae will allow downpayment assistance supported by lender-funded grants.
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Grapevine: Battle of the Mortgage Titans / Better

August 11, 2022
Paul Muolo
UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.
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Private Mortgage Insurance Share Rises Above 50% Mark in 2Q

August 11, 2022
John Bancroft
The six active private mortgage insurers provided coverage on $120.92 billion of new originations in 2Q22...
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UWM’s Ishbia Throws Down the Gauntlet: ‘We Control the Margins’

August 11, 2022
Brandon Ivey
When it comes to GOS, UWM's Mat Ishbia says he's running the table...
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LoanDepot Discloses Warehouse Waivers, Raises the Specter of Reorganization

August 11, 2022
Paul Muolo
The company, ranked seventh by Inside Mortgage Finance, is not alone when it comes to warehouse waivers being granted.
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FHFA: Servicers Must Maintain Fair Housing Data

August 11, 2022
Dennis Hollier
Fannie/Freddie servicers must collect age, race, ethnicity and language preference data from borrowers.
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Short Takes: Passing the (Stress) Test With Flying Colors / Why? / A Loss for Home Point / MSR Values / LD’s LO Count / Hiring: Fairway

August 11, 2022
Dennis Hollier and Paul Muolo
In the April-June period, Willie Newman’s shop sold some of its mortgage servicing rights, grossing $257.3 million on the transactions…
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A Brutal Quarter for loanDepot: A Large Loss, Layoffs, Wholesale Shuttered

August 10, 2022
Paul Muolo
The California-based lender/servicer went public at $14.00 a share in February 2021...
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The Key, Perhaps, to an FHA Premium Cut: The FCRA

August 10, 2022
Monica Hogan
FHA Commissioner Julia Gordon said, “Read the Federal Credit Reform Act.”
Read More
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