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Brokers Post Banner Year in 2019, Retail Gains in 4Q19

February 13, 2020
John Bancroft
The wholesale-broker market was the fastest-growing production channel in 2019 and reached its strongest annual volume since the financial crisis. Retail saw bigger gains in the fourth quarter as refinance volume spiked. (Includes six data charts.)
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Freddie’s 4Q19 Net Income Spikes, Fannie Not So Much

February 13, 2020
Paul Muolo

The government-sponsored enterprises reported earnings gains for the fourth quarter but for the full year it was a different story.


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Wells’ New Mortgage Chief Comes From Arch Rival JPM

February 13, 2020
Paul Muolo
Wells Fargo will soon have a new mortgage chief: Michael Weinbach, who comes over from JPMorgan Chase. His mission: to control the megabank’s mortgage message.
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Nonbanks Take the Lead on Social Media Strategy

February 13, 2020
Yemeng Yang
Mortgage lenders are increasingly taking advantage of social media platforms to advertise and maintain customer relationships.
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Miami Drops Lawsuits Against Banks; Wells Faces HAMP Suit

February 13, 2020
Brandon Ivey
Miami withdrew mortgage-related lawsuits against BofA, Citi, Chase and Wells. Another lawsuit against Wells was certified as class action.
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Mortgage Grapevine: ARMs and the GSEs (Bye Bye LIBOR) / Non-QM CEO Pay?

February 13, 2020
Paul Muolo and Brandon Ivey
Bye bye to LIBOR for Fannie and Freddie / What do Non-QM CEOs Earn?
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Agency Originations Capture Heavy 4Q19 Increase in Refis

February 6, 2020
John Bancroft
In late 2019, conventional-conforming originations hit their highest quarterly volume since the epic 2003 mortgage market. Government lending wasn't far behind.
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Agency Originations Capture Heavy 4Q19 Increase in Refi

February 5, 2020
John Bancroft
In late 2019, conventional-conforming originations hit their highest quarterly volume since the epic 2003 mortgage market. Government lending wasn't far behind. (Includes two data charts.)
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Closing Times are Not Equal but They Hit an Annual High in December

January 30, 2020
Paul Muolo
Mortgage lenders were happily writing as many loans as possible during the second half of 2019. But not surprisingly, closing times increased.
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CFPB ‘Abusiveness’ Policy to Have Limited Impact

January 30, 2020
Yemeng Yang
The bureau has tightened the use of “abusive” practices under its sweeping authority to prohibit unfair, deceptive or abusive acts or practices. Industry watchers believe the impact of the new policy might be limited.
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