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Is it Time to Get Rid of Mortgage Branch Licenses?

August 26, 2021
Lisa Burden
As the pandemic meanders on, state regulators are following the lead of employers and adopting agile workplace policies, including changing branch licensing requirements.
Read More

Grapevine: Getting Leaner: Mr. Cooper

August 26, 2021
Paul Muolo
As the refi boom begins to wane, nonbank mortgage giant Mr. Cooper is paring certain business lines. Should other lenders follow suit?
Read More

Purchase Mortgages, Margins in Focus at United Wholesale and Rocket

August 19, 2021
Brandon Ivey
With competition for mortgages heating up, United Wholesale and Rocket are increasing their emphasis on purchase mortgages. Margins, meanwhile, don’t look to budge much.
Read More

Mortgage M&A Advisors, Time to Start Your Engines?

August 19, 2021
Paul Muolo
Sick of hearing about the ramifications of lower gain-on-sale margins? Okay, but declining GOS likely will play a role in the M&A market.
Read More

Lenders See Promise in Non-Agency Products

August 19, 2021
Brandon Ivey
Jumbo mortgages and non-qualified mortgages can generate better margins than agency products. Still, the loans don’t necessarily offer a guaranteed path to profits.
Read More

HUD, FHFA Join Hands to Boost Fair Housing Oversight

August 19, 2021
Monica Hogan
Industry consultants are cautioning companies to take steps to ensure their fair housing compliance teams are ready to defend an expected uptick in enforcement actions.
Read More

Mr. Cooper Seeks Dismissal of Excess Withdrawal Lawsuit

August 19, 2021
Lisa Burden
The nation’s fourth-largest mortgage servicer is being hit on the legal front over a “processing issue” that caused unauthorized withdrawals of monthly mortgage payments.
Read More

Judge Approves Third Payout in HAMP Case Against Wells

August 19, 2021
Lisa Burden
The latest $22 million settlement brings to an end a lawsuit accusing Wells Fargo of wrongfully denying loan modifications to borrowers who eventually lost their homes to foreclosure.
Read More

Fight Over Infrastructure Bill Moves to the House

August 12, 2021
Dennis Hollier
Mortgage trade groups quash FCA amendment in the bill but can’t prevent continuation of a 10-basis-point g-fee surcharge.
Read More

Status of Better.com’s IPO? All Systems Go

August 12, 2021
There’s nothing preventing Better.com from becoming a public company by yearend, at least that’s how the lender sees it. But there are doubters.
Read More
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