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Plenty of Mortgage Layoff Talk but Few Hard Numbers

April 7, 2022
Paul Muolo
Mortgage bankers far and wide are trimming employees as interest rates continue to rise and refinance wane. But industry employment figures look benign. How can that be?
Read More

The Mother of All Interest Rate Rises?

April 6, 2022
Paul Muolo
Steve Harris, president of MIAC Analytics: Large scale MBS selling by the central bank will “make mortgages perform even worse"...
Read More

Correspondents Gain Market Share in FHA/VA Sector

April 6, 2022
Monica Hogan
Some top-ranked government lenders relied entirely upon retail production, including Navy Federal Credit Union, New American Funding, PrimeLending, Regions Financial and Angel Oak...
Read More

Senate Maneuver Clears the Way for Final Vote on Gordon for FHA Commish

April 6, 2022
Monica Hogan
Gordon was president of the National Community Stabilization Trust and a member of the Biden-Harris transition team.
Read More

A Tough Year for ARM Production but That Could Change

April 5, 2022
Brandon Ivey
The top three ARM originators of 2021: Bank of America, Chase and Wells Fargo...
Read More

GR Ponders Conduit to Take Advantage of LLPA Changes

April 5, 2022
Paul Muolo
For years, GR has been an active originator of mortgages on second homes and has developed strong ties to real estate agents in resort areas.
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Less Compensation in the Altisource C-Suite

April 5, 2022
Paul Muolo
Altisource, however, managed to turn a profit for the year by selling its artificial intelligence affiliate...
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USDA Loan Issuance Up in 2021, Down in Fourth Quarter

April 5, 2022
Monica Hogan
The top issuer of USDA rural housing loans in 2021: PennyMac Financial Services with $6.76 billion...
Read More

Non-QM Wholesaler Rescinds Rate-Lock Changes

April 4, 2022
Brandon Ivey and Paul Muolo
The firm added, “We understand the change caused confusion and stress for you and your borrowers and for that we apologize.”
Read More

Cut FHA Premiums Now! Okay, Maybe Wait…

April 4, 2022
Monica Hogan
Not everyone's onboard regarding the premium cut...
Read More
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