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Home Price Boom Leading to More Cash-Out Refis, Jumbos

July 15, 2021
Brandon Ivey
Home prices are increasing at levels last seen in 2005. A growing share of mortgage originations are shifting to the jumbo market and cash-out refis.
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Want to Get into the MI Business? Here’s Your Chance

July 15, 2021
Paul Muolo
Mortgage insurer PMI of Arizona has put itself on the auction block. Who? And therein lies a story...
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Reading the Megabank Tea Leaves: A Decent 2Q21 for Lending

July 15, 2021
Paul Muolo
It’s earnings season and the early results indicate a decent 2Q for most but not all is rosy. Gain-on-sale margins continued to suffer.
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Shareholders Consider Their Chances Post Collins

July 15, 2021
Dennis Hollier
The Supreme Court dealt GSE shareholders a blow in Collins, but cases before a DC district court and the U.S. Court of Federal Claims may finally get before a jury.
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Lenders Once Again Demand Rescission of PSPA Rules

July 15, 2021
Dennis Hollier
Trade groups are focusing on the PSPAs’ impact on the ability of the GSEs to cross-subsidize their affordable housing efforts.
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MBA Seeks Help to Push for Extending Remote Work

July 15, 2021
Lisa Burden
The Mortgage Bankers Association is asking organizations representing governors and state regulators for help in extending remote work flexibility for licensed loan officers.
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Quicken Loans Ponders MSR Sales in a Hot Market

July 8, 2021
Paul Muolo
Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?
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Wells Becomes a Little Less Consumer Centric with Latest Moves

July 8, 2021
Paul Muolo
Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end.
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FHFA Acting Director Pushing Fair Lending Agenda

July 8, 2021
Dennis Hollier
Sandra Thompson’s elevation to acting director from her role as head of housing mission and goals presaged FHFA’s new focus on fair lending practices enforcement.
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CFBank Shifts Focus to Retail Mortgage Lending

July 8, 2021
Brandon Ivey
The Ohio-based bank is winding down its direct-to-consumer mortgage lending business, citing falling margins and diminished refinances.
Read More
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