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Inside Mortgage Finance
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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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
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Grapevine: The Mysteries of Sprout / Better Hires

July 14, 2022
Paul Muolo and Brandon Ivey
There’s not much left at non-agency lender Sprout Mortgage but there are plenty of rumors, none of them good. Meanwhile, mortgage fintech Better.com has been adding senior managers.
Read More

FGMC’s Future? After Ch. 11, a Sale of Its Assets

July 7, 2022
Paul Muolo
It’s not every day that a mortgage company files for bankruptcy protection, especially one owned by PIMCO. As for the future of that mortgage company, FGMC, a sale of its licenses is expected. After that, it’s game over.
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GSEs and FHFA Focusing on Fourth-Party Risk

July 7, 2022
Dennis Hollier
GSE third-party service providers increasingly have their own third parties that could also pose a risk to the enterprises.
Read More
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