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Some Mortgage CEOs Earned More Than LeBron in 2020?

January 7, 2021
Paul Muolo
It was that kind of year in 2020: chatter about fat checks for CEO/proprietors. Some may have earned more than the nation’s top athletes but probably less than Oprah.
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Guaranteed Rate to Buy Stearns

January 7, 2021
Paul Muolo
The calendar has just turned and already we have a decent-sized M&A deal.
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Freddie Posts New Mission-Driven Discounts

January 7, 2021
Dennis Hollier
To meet FHFA’s new mission-driven purchase volume requirements, Freddie Mac will modify its guarantee-fee discounts for low-, very-low- and moderate-income loans.
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Grapevine: A Rising 10-Year and a Shift in the Power Grid

January 7, 2021
Paul Muolo
Rates are rising and that means an end to the refi boom? Don’t bet on it.
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Mergers and Acquisitions? See You in 2Q21 (Maybe)

December 17, 2020
Paul Muolo
It’s been slow going when it comes to the sale of mortgage companies. But 2021 shows some promise — as long as rates don’t tank again.
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New QM Standards: A Few Wins and Losses for Lenders

December 17, 2020
Brandon Ivey
QM status will no longer be tied to whether a loan is eligible for sale to the GSEs, potentially prompting a shift toward non-agency mortgages.
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Agency Jumbo Booms in 3Q, But Nonconforming Slides

December 10, 2020
John Bancroft
While several top jumbo lenders reported declining primary-market production in the third quarter, most sellers of agency-conforming jumbo loans saw hefty gains. (Includes three data charts.)
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Biden Picks Ohio Dem to Lead HUD, Changes Assured

December 10, 2020
Paul Muolo
She’s not a brain surgeon, but a Democratic legislator from the Rust Belt. Midweek, Joe Biden revealed Rep. Marcia Fudge as his pick for Housing secretary.
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Waters Wants Trump-Era Housing Policies Rescinded

December 10, 2020
Dennis Hollier
House Financial Services Committee Chair Maxine Waters, D-CA, wants various rules and regulations introduced during Trump’s presidency to be rescinded or replaced.
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FSOC Again Calls for Greater Oversight of Nonbanks

December 10, 2020
Brandon Ivey
Like in previous annual reports, the Financial Stability Oversight Council noted that nonbank mortgage companies can be more vulnerable to financial difficulties than depositories.
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