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Google Launches Digital Mortgage Solution

October 29, 2020
Yemeng Yang
Google is partnering with mortgage tech vendor Roostify as it launches Lending DocAI, a digital front-end product. Mortgage tech watchers wonder just how big the search engine giant might become in mortgages.
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Court Halts HUD’s Final Disparate-Impact Rule

October 29, 2020
Maria Volkova
A last-minute injunction secured by consumer groups on Sunday has halted HUD’s revised disparate-impact rule, which makes it harder to prove discrimination.
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Consumer Appetite for Condo Loans Shrinking

October 29, 2020
Dennis Hollier
Only 20% of mortgage lenders that originate condo loans expect their volume to increase, according to a new survey from Fannie Mae.
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Residential Delinquencies Swimming Against the Tide?

October 29, 2020
Dennis Hollier
Moody’s economists expect the percentage of mortgages 60 days or more delinquent to once again spike in the third and fourth quarters.
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Grapevine: M&A, Anyone? / What is Normal?

October 29, 2020
Paul Muolo
It’s been a quiet year for mortgage-related M&A. (Credit the pandemic and the resulting refi boom.) Meanwhile, some ponder what a normal origination year might look like.
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GSEs Want Most COVID Reforms to be Permanent

October 22, 2020
Dennis Hollier
The payment deferral option will go a long way in providing a much more seamless way for borrowers to get back on track in paying their mortgages, according to the CEOs of Fannie and Freddie.
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FHFA Moves to Clamp Down New GSE Products, Activities

October 22, 2020
Dennis Hollier
A new rule proposed by the FHFA this week would ensure Fannie Mae and Freddie Mac “stay focused on their core mission and do not stray into business the market already serves well” after they exit conservatorship.
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CFPB Extends QM Patch Beyond Early Next Year

October 22, 2020
Yemeng Yang
The qualified-mortgage patch will stay in place until the “mandatory compliance date” for the new general QM definition, which the bureau is still working to finalize.
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Underwriter Wars Heat Up, ‘Raids’ A Plenty?

October 22, 2020
Paul Muolo
Loan underwriters are in such demand that some mortgage lenders are seeing their staffs get poached. What’s a CEO to do?
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In IPO ‘Watch Mode,’ loanDepot Moves to Sell Debt

October 22, 2020
Paul Muolo
A funny thing happened to loanDepot on its way to a supposed initial public offering: A debt offering. Yield? We don’t know.
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