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Inside Mortgage Finance
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Treasury Starts to Distribute Homeowner Assistance Fund

May 20, 2021
Brandon Ivey
The fund provides grants to help struggling borrowers cover mortgage payments, loan modifications and housing expenses.
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Former MBA Chair Pleads Guilty to Bank Fraud Charges

May 20, 2021
Dennis Hollier
Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges.
Read More

LO Compensation in 1Q21 Remains Bountiful (For Now)

May 14, 2021
Maria Volkova
Loan officers’ wallets continued to get fatter in the first quarter, thanks to mortgage origination volumes hitting new records. However, industry bean-counters expect that to change once rates start to increase.
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Surprise: Genworth Postpones Mortgage Insurance IPO

May 13, 2021
Paul Muolo and Dennis Hollier
Has market sentiment spread to the MI sector? Genworth Financial scuttles (for now) IPO of mortgage insurance division.
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GOS Margins Slip Across the Board. And Then There’s Guild

May 13, 2021
Paul Muolo
No one really thought the GOS readings of the past year would last, right? Meanwhile, Guild Mortgage rises above the pack.
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Industry Questions Motive Behind Delay in New QM Standards

May 13, 2021
Brandon Ivey
The pandemic makes sense, but it may not be the real reason why the CFPB has delayed the mandatory compliance date for the QM standards drafted during the final days of the Trump administration.
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Delinquencies Decline in 1Q21, Further Improvement Expected

May 13, 2021
Brandon Ivey
Mortgage performance improved, thanks to a healing economy and federal stimulus. Still, delinquencies and forbearance rates remain high. (Includes data chart.)
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GSEs Flesh Out New Low-Income Refi Programs

May 13, 2021
Dennis Hollier
Borrowers will be able to save $100 to $250 per month. But eligibility rules to qualify for a refi may limit participation.
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Grapevine: When Cycles Change... / More M&A, More to Come

May 13, 2021
Paul Muolo
Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
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Borrowers Hungry for Jumbos Despite Uptick in Interest Rates

May 6, 2021
Brandon Ivey
With home prices continuing to increase, jumbo lending — a must menu item for California shops — is now gaining popularity in other states.
Read More
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