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Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22

July 14, 2022
Paul Muolo and Brandon Ivey
The fintech was sanctioned by Washington state for licensing and other violations...
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Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB

July 14, 2022
Paul Muolo
JPM is the first publicly traded bank or mortgage company to report 2Q22 results.
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A Ratings Upgrade for Fannie and Freddie

July 14, 2022
Dennis Hollier
The upgrade piggybacks on Fitch’s recent revision of its ratings outlook for Uncle Sam and his IDRs...
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Amid the Industry Turmoil, an M&A Deal Gets Done

July 14, 2022
Paul Muolo
All quiet on the mortgage M&A front? Select deals are getting done. One recent buyer: Bill Lowman’s American Pacific Mortgage.
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As Production Skids, Underwriter Costs ‘Correct’

July 14, 2022
Paul Muolo
A year ago, most mortgage workers could name their price and be compensated at levels never experienced before. And today? It’s a whole different world, with lenders lopping off hundreds, if not thousands of jobs.
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Laid-Off Employees Sue Sprout for Unpaid Wages

July 14, 2022
Sam Manas
Former employees of the shuttered mortgage lender claim Sprout didn’t provide the required notice of termination and was holding back regular wages.
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Fitch Upgrades GSE Ratings

July 14, 2022
Dennis Hollier
The ratings outlook for Fannie Mae, Freddie Mac and two of the FHLBanks have been upgraded from negative to stable, reflecting strong economic growth and heightened government support.
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State Regulators Set Work-From-Home Best Practices

July 14, 2022
Brandon Ivey
The American Association of Residential Mortgage Regulators’ best practices highlight issues state regulators should consider when approving a permanent work-from-home option for LOs employed by nonbanks.
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FHA Lengthens Timeframe for Acceptance of Appraisals

July 14, 2022
Brandon Ivey
FHA has extended appraisal validity periods, in some cases up to a year, to align more closely with standards at the GSEs and VA.
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FHA Expands COVID-Era Loan Eligibility

July 14, 2022
Monica Hogan
The new guidance applies to salaried and hourly wage earners as well as self-employed individuals.
Read More
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