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CSBS Could Scale Back Proposed Standards for Nonbank Servicers

April 22, 2021
Brandon Ivey
After pushback from large nonbank servicers, state examiners will revise pro-posed regulatory standards. Eight large servicers catch a break on stringency.
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Commercial Banks Report, Eking Out Lending Gains for 1Q21

April 22, 2021
Paul Muolo
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
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VA Readies COVID-19 Partial Claim Payment Program

April 22, 2021
Maria Volkova
The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
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Out of the Bag: Blend Confirms Its IPO Dreams

April 22, 2021
Paul Muolo
Blend, a behind-the-scenes player in mortgage finance, hopes to go public. Will the market greet it with open arms or indifference?
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Big Profits Spur Big Donations from Mortgage Companies

April 16, 2021
Lisa Burden
Mortgage companies, which are swimming in cash these days, have made more than $700 million in charitable donations recently. The biggest donors so far: Movement Mortgage and Rocket Companies.
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Mortgage M&A Heats Up with Caliber-NRIC Deal

April 15, 2021
Paul Muolo
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true.
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What to Know About the End of the ‘GSE Patch’

April 15, 2021
Dennis Hollier
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.
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Underwriters and Processors, Your Time Has Passed (Maybe)

April 15, 2021
Paul Muolo
The mortgage hiring game in a nutshell: Loan officers are in demand, processors and underwriters, not so much.
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Grapevine: $500 Million Says A Lot; Mortgage Tally: JPM Up, Wells Down

April 15, 2021
Paul Muolo
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.
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Will Caliber’s IPO Plan Morph Into a Franchise Sale?

April 8, 2021
Paul Muolo
There’s more than one way to turn your mortgage company into cash. One is an IPO. The other is an outright sale. Will Caliber go the latter?
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