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Mortgage Layoffs Spell Opportunities for Others

August 12, 2021
Paul Muolo
Layoffs can be good news for lenders looking for an employment bargain. In particular, non-agency shops are looking to hire.
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CFPB Finds Some Servicers Struggled to Handle COVID Forbearance

August 12, 2021
Lisa Burden
While many mortgage servicers handled high forbearance call volume while keeping callers on hold for as little as three minutes, some entities took as long as 26 minutes to connect borrowers to help.
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GSEs’ Multifamily Business 2Q21 Profits Ebb (or Do They?)

August 12, 2021
Dennis Hollier
Increases in credit-related income, due to improving economic conditions, are offset by declining margins and fair value losses.
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More Oversight Needed of Lenders and Flood Insurance

August 12, 2021
Brandon Ivey
Even though FEMA is not directly responsible for oversight of compliance with flood insurance program requirements, the GAO has suggested Congress prompt FEMA to act.
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Higher GNMA Requirements Could Be Trouble for MSRs

August 5, 2021
Paul Muolo
Ginnie Mae servicing sales were strong last quarter but is all that about to end because of higher capital requirements?
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 5, 2021
Paul Muolo
Retail and institutional investors that bought shares in mortgage IPOs of the past year are feeling glum these days. Most are sitting on losses. Are better days ahead? Hard to say...
Read More

Expanded-Credit Lenders Prepare for More Production

August 5, 2021
Brandon Ivey
Lenders are making moves in anticipation of an uptick in non-QM lending. The wildcard is interest rates.
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Fannie’s Near-Record 2Q, With a Couple of Asterisks

August 5, 2021
Dennis Hollier
The GSEs ride home price appreciation and low interest rates to record earnings in the second quarter.
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Off-Again, On-Again Eviction Moratoriums

August 5, 2021
Dennis Hollier
CDC institutes a new ban, while federal agencies warn landlords not to evict tenants without first seeking rental assistance.
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Incentive Compensation Drops for LOs, Processors

August 5, 2021
Monica Hogan
Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.
Read More
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