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Nation’s Largest Wholesaler Accused of Restraint of Trade

April 29, 2021
Maria Volkova and Paul Muolo
Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way.
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Another Large Profit for Freddie, Net Worth Nears $19B

April 29, 2021
Paul Muolo
Freddie Mac turned in slightly lower earnings on a sequential basis as higher credit expenses dinged its bottom line. Next up: Fannie Mae.
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CFPB Appeals Ocwen’s Win in Servicing Misconduct Case

April 29, 2021
Lisa Burden
The federal district court concluded that nine out of 10 legal claims against the lender/servicer were barred by a consent decree entered into by Ocwen in 2014. The court dismissed the 10th claim.
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Grapevine: It’s M&A Season; Helping Those Who Missed the Refi Boat

April 29, 2021
Paul Muolo and Brandon Ivey
Okay, industry consolidation is arriving. But what about prices? Also, more refis could be on the way, courtesy of the GSEs.
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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.
Read More
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