The GSEs won’t accept LIBOR-based loan applications after Sept. 15. They expect all purchases linked to the London rate to cease by yearend.

Conferences are big revenue generators for many trade associations, and the cancellations of shows this spring will hurt financially.

On the surface, all looks well for warehouse lenders but behind the scenes underwriting is being tightened and new clients are being put on hold.

During a House committee roundtable, the Mortgage Bankers Association requested Congress for a funding facility for servicers and legislation to help lenders with mortgages that entered forbearance soon after closing.

The warehouse sector is in a historic sweet spot: Nonbanks are making money hand-over-first, while accepting the tighter underwriting requirements placed on them. (Includes data charts.)

Traditional retail mortgage lending declined in the first quarter and correspondent production tanked. But the wholesale-broker sector, led by its flagship lender, posted a solid gain. (Includes six data charts.)

In the COVID-19 era, lenders have been hampered by credit tightening and forbearance edicts, but an odd thing has occurred: Profit margins on new loans are phenomenal.

Two top non-QM lenders have resumed activity but with fewer products and tighter underwriting. The secondary market is also reopening.

The OCC finalized the Community Reinvestment Act regulation only 41 days after the comment period closed in mid-April.