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Delinquencies Fall Back to Pre-Pandemic Levels in First Quarter

May 12, 2022
Brandon Ivey
Delinquencies, after spiking at the start of the pandemic, are back at manageable levels. Serious delinquency rates are still elevated, though. (Includes data chart.)
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Feds Ask Servicers to Pause Foreclosure of HAF Applicants

May 12, 2022
Monica Hogan
Federal agencies want servicers of government-backed mortgages to pause foreclosure proceedings when the homeowner’s application for relief under the Homeowner Assistance Fund is pending.
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GSE Multifamily Profits Decline in 1Q22

May 12, 2022
Dennis Hollier
Falling revenues and a decline in loss reserves at Fannie and Freddie signal the end of the housing boom and a return to revenue normalcy.
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At First Glance, Industry Favors Proposed CRA Update

May 12, 2022
Sam Manas
The revisions are an attempt to make the CRA rule more transparent and reflective of changes in banking.
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Fannie Mae Scotches Use of Cryptocurrencies

May 12, 2022
Dennis Hollier
Both government-sponsored enterprises have now formally banned the use of virtual currencies for conventional mortgages.
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Costco Exits Mortgage Arena

May 12, 2022
Sam Manas
The big-box retailer no longer offers its store members mortgage pricing options or provides lenders mortgage leads.
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The Mortgage M&A Wheel Begins to Turn

May 5, 2022
Paul Muolo and Brandon Ivey
Is the long-awaited M&A tsunami finally here? Maybe, maybe not. But one thing is for certain: Some of the IPO class of 2020-2021 might be vulnerable.
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Fannie Earnings Retreat in the First Quarter of 2022

May 5, 2022
Dennis Hollier
The mortgage giant’s putative net worth jumped to $51.8 billion, but its shortfall in total adjusted capital increased to $272 billion.
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New Residential, Redwood Lean on Diversified Business Activities

May 5, 2022
Brandon Ivey
The two REITs have seen success even as profits from mortgage lending decline thanks to diversification efforts involving business-purpose lending and venture capital investments.
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As Volumes Drop, Some CEOs Take Home Less Pay

May 5, 2022
Paul Muolo
It stands to reason that as origination activity declines, some CEOs might earn less money this year than last. But a few are sharing the pain by taking a salary of $1 a year.
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