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COVID Exposes Vulnerability of Black-Owned Banks

August 14, 2020
Dennis Hollier
In 2008, there were 49 depositories with at least 51% Black ownership. By the first quarter of 2020, that number had fallen to just 21.
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Lenders Get Smacked with 50BP LLPA on GSE Refis

August 13, 2020
Dennis Hollier and Paul Muolo

In a surprise move late Wednesday, the GSEs installed a new 50-basis-point LLPA on most refis. Needless to say, lenders feel betrayed.


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Ocwen Once Again Raises the Specter of a Sale. Doable?

August 13, 2020
Paul Muolo
In a booming origination market, a rising tide lifts all boats. Could this possibly lead to a sale of Ocwen Financial?
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A Week After its IPO, Rocket Comes Back Down to Earth

August 13, 2020
Paul Muolo
Rocket Companies went public a week ago amid the lowest mortgage rates in U.S. history. How’s the stock doing? Funny, you should ask.
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CFPB Enforcement Actions on the Rise, Warn Attorneys

August 13, 2020
Yemeng Yang
The mortgage industry can expect more enforcement actions from the Consumer Financial Protection Bureau for the rest of the year, particularly related to fair lending issues, according to stakeholders.
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HUD Considering Changes to Downpayment Assistance Rule

August 13, 2020
Maria Volkova
HUD's delinquency report shows that 11.50% of loans in the seriously delinquent category involved DPA provided by relatives, while only 9.07% of those with DPA financed by government entities were in the seriously delinquent category.
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Forbearance is Good, Right? No, Not for Everyone

August 13, 2020
Paul Muolo
If foreclosures mushroom, mortgage vendor Altisource could be sitting in the catbird’s seat. Standing in its way: forbearance plans.
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Forbearance Readings Slimmer but Worries Persist

August 13, 2020
Paul Muolo
The forbearance picture continues to brighten but if economic activity flattens, all bets are off for the fall.
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Strong Demand for Jumbos Despite Tighter Underwriting

August 6, 2020
Brandon Ivey
Strong demand for jumbo mortgages helped support origination volume in the second quarter even as many banks tightened underwriting standards for the loans.
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Rocket Goes Public at Reduced Price, Farner Eyes 25% Market Share

August 6, 2020
Paul Muolo
The much-anticipated IPO of origination market leader Rocket Companies commenced Thursday morning but at a reduced offering price. Surprising? Not really, but some analysts are worried about lending volumes for 2021 and beyond.
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Latest Imf News

  • GSE MBS Issuance Up in August Despite Declines at Rocket, UWM

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