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Inside Mortgage Finance
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Industry Not Worried About a California Mini-CFPB. Why?

September 10, 2020
Yemeng Yang
The final version of the bill exempts mortgage licensees from the expanded oversight and enforcement authority the state agency will have.
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Mortgage Grapevine: Rocket, Man; Mortgage Hiring Untethered

September 10, 2020
Paul Muolo

Rocket Companies posted a stunning $3.46 billion profit in 2Q20 but then got hit with a "negative" rating from Susquehanna Financial Group.


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FHFA Delays Controversial GSE ‘Adverse Market Fee’

August 27, 2020
Dennis Hollier
After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans.
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Manna from Heaven: Warehouse Banks Excelled in 2Q20

August 27, 2020
Paul Muolo
When it comes to warehouse lending, conditions have never been better. Credit the pandemic and the Federal Reserve. (Includes data chart.)
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Mortgage Vendors Face the M&A Gauntlet. The Ax: Bill Foley

August 27, 2020
Paul Muolo
Is Bill Foley, the 75-year-old non-executive chairman of title insurance giant Fidelity National, pondering retirement? Don't bet on it. He's shaking the mortgage vendor M&A tree big time.
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Underwriting Trends Mixed for Self-Employed Borrowers

August 27, 2020
Brandon Ivey
Self-employed borrowers are facing tighter underwriting standards on conventional mortgages but not on non-agency loans.
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Non-Agency Forbearance: What if You’re the Subservicer?

August 27, 2020
Maria Volkova
One of the challenges with borrowers getting forbearance in this category is a lack of clarity regarding which entity holds legal authority to decide terms of loss mitigation.
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Multifamily Borrower/Owner Charged with $28M Fraud

August 27, 2020
Dennis Hollier
Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.
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Servicer Proactive in Offering Pandemic Forbearance, Study Finds

August 27, 2020
Brandon Ivey
A study based on call transcripts between borrowers and a servicer found that many customers who received relief didn’t actively seek it.
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Co-Marketing During Pandemic Poses Increased Risk

August 27, 2020
Yemeng Yang
But to remain in compliance, parties involved in co-marketing deals have made adjustments to their activity valuation and documentation.
Read More
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