Rising Rates Take a Bite out of FHA Lending July 2, 2018 George Brooks Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...Read More
I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon July 2, 2018 Paul Muolo Two years ago, loanDepot scuttled a much talked about initial public offering of stock...Read More
A Deal-Hungry Stearns to Acquire an Equity Stake in Certainty Home Loans July 2, 2018 Brandon Ivey According to sources familiar with the matter, Stearns is looking at other acquisitions as well...Read More
Ten Years After the Housing Crisis, Wells Still No. 1 in Mortgages. However… July 2, 2018 Paul Muolo But the most telling sign of how the banking industry has lost its grip on home lending rests in the number of depositories that rank among the top 20…Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Paul Muolo and Brandon Ivey LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
Nonbanks Increasingly Taking Over Agency MBS Production June 29, 2018 John Bancroft The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent… Read More
The VA IRRRL ‘Orphan’ Loan Tally: A $500 Million Mess? June 29, 2018 Paul Muolo Ginnie Mae: “We are glad to work with industry participants to try to find workable solutions allowable by law.”Read More
HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September June 29, 2018 George Brooks HUD Secretary Ben Carson has acknowledged the importance of FHA condo rules, particularly for millennials…Read More
Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19 June 29, 2018 Yemeng Yang “It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.Read More
What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH June 29, 2018 Paul Muolo Once risk-layering appears and LTV ratios climb, then all bets are off...Read More
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