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New GSE Caps Impacting Non-Owner-Occupied Loans

April 29, 2021
Brandon Ivey
In January, the FHFA and Treasury limited the GSEs’ purchases of mortgages for investment properties and second homes to 7% of single-family acquisitions. Implementation of the cap is hitting lenders.
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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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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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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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Calabria Hints That COVID-19 Policies Are Coming to an End

April 22, 2021
Dennis Hollier
With regard to ending PSPA purchase restrictions imposed on the GSEs, the FHFA director said it would depend on capital.
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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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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.
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What to Know About the End of the ‘GSE Patch’

April 15, 2021
Dennis Hollier
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.
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Underwriters and Processors, Your Time Has Passed (Maybe)

April 15, 2021
Paul Muolo
The mortgage hiring game in a nutshell: Loan officers are in demand, processors and underwriters, not so much.
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Grapevine: $500 Million Says A Lot; Mortgage Tally: JPM Up, Wells Down

April 15, 2021
Paul Muolo
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.
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