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Senate Panel Gives Monty the Greenlight for Key HUD Post

December 12, 2019
George Brooks

Industry veteran Brian Montgomery this week moved a little closer to getting the No. 2 job at HUD after the SBC gave him the thumbs-up. Next stop: the full Senate.


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Feds Cautiously OK Use of 'Alt' Data in Underwriting

December 12, 2019
Yemeng Yang

Financial regulators are backing “responsible use” of alternative data in loan underwriting but there are still many uncertainties, particularly in the world of residential finance. More to come? Indeed.


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Refi Lending Catching Up to Purchase Market in 3Q19

December 5, 2019
John Bancroft

The 47.3% share for refinance business was the highest since the fourth quarter of 2016. Retail remained the largest source of both purchase and refi business, but correspondent platforms saw the biggest improvement from the second quarter. (Includes four data charts.)


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It’s Open Season for LO Recruiting. Signing Bonuses?

December 5, 2019
Paul Muolo

Thanks to a strong origination market, loan officers are in demand. The payment of "signing bonuses" is not unusual this time of year, but will the investment in top performers be worth it? Opinions can vary.


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HUD Lists Priorities for 2020, Including DPA, FHAct, More

December 5, 2019
George Brooks

DPA provided by government entities and the disparate-impact standard are among HUD's regulatory priorities for FY 2020, according to the agency's regulatory agenda.


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Mortgage Grapevine: Reading the Origination Tea Leaves

December 5, 2019
Paul Muolo and Yemeng Yang

Profits and originations are starting to show slippage. Then again, it's yearend. Right?


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Correspondent Platforms, Retail Gain Share in 3Q19

November 27, 2019
John Bancroft
Wholesale-broker volume in the third quarter hit its highest level since early 2008 but lost market share with a relatively modest 16.7% increase from the previous period. (Includes six data charts.)
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Non-QM Lenders Expect Market Growth to Rocket

November 27, 2019
Brandon Ivey

The non-QM market has seen strong growth since it started in 2014 though the sector still accounts for less than 5% of total residential originations.


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FHFA Unveils 2020 GSE Loan Limit: $510,400, Up 5.38%

November 27, 2019
Dennis Hollier

It's official: the FHFA on Tuesday released the 2020 conforming loan limit: $510,400, up 5.38% year over year.


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Warehousers at Risk if Nonbanks Get FHLB Access?

November 27, 2019
Paul Muolo

Should nonbank mortgage firms be allowed to join the FHLB system? Hard to say, but if they gain access, the business of warehouse finance could be turned on its head. Or maybe not.


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