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Nonbank Agency MSR Share: North of 61%

April 14, 2022
John Bancroft
Nonbanks continued their dominance in the MSR sector, a fact that likely keeps some federal regulators up at night...
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Bank Residential Originations Hit Hard but a Few Exceptions

April 14, 2022
Paul Muolo
U.S. Bank, another top-10 player in home finance, saw its home lending volume slip 34.1% from 4Q21...
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Fannie and Freddie Kill Minimum Credit Scores for 'Affordable' Refis

April 14, 2022
Dennis Hollier
Note: Borrowers must still have a credit score, which must be provided at delivery.
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After Facing Scrutiny, Wells Launches Refi Program for Minorities

April 14, 2022
Sam Manas
The program will reduce refinancing costs for pre-identified minority homeowners whose mortgages are serviced by Wells.
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Early 1Q22 Results Reveal Origination Ugliness

April 14, 2022
Paul Muolo
It’s earnings season and the early results have not been encouraging when it comes to home lending. Then again, no one really expected good news. But will 1Q22 be the low point and then a bounce?
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Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire

April 14, 2022
Brandon Ivey
While states offered broad temporary flexibilities regarding LO licensing and location requirements during the pandemic, the transition out of the temporary standards has been bumpy.
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A-Paper Giants Ready to Test the Non-QM Market?

April 14, 2022
Paul Muolo and Namrata Bhatia
Steeply lower production volumes call for new lending ideas. Right? Some A-paper shops are jumping into the non-QM pool. Will it save the day or result in higher delinquencies?
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Mortgage Industry Says New Rules Not Needed on ‘Junk Fees’

April 14, 2022
Sam Manas
The mortgage industry is already governed by extensive regulations, lenders said in comment letters filed with the CFPB.
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Fannie Gives Lenders an Alternative to Title Insurance

April 14, 2022
Dennis Hollier
Fannie joins Freddie in accepting attorney title opinion letters instead of title insurance. Industry observers said the new option will mostly impact refinances, not purchases.
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Fannie’s CEO Frater and Chair Bair Resign/Retire

April 14, 2022
Dennis Hollier
Despite coming in the wake of a handful of senior executive departures, the resignations look like normal attrition.
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