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Home » Topics » Inside Mortgage Finance » Originations

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Industry Supports Equitable Housing Plans for GSEs

October 28, 2021
Dennis Hollier
Mortgage industry stakeholders are on the same page with affordable housing and minority rights groups, at least when it comes to the FHFA’s proposal to require Fannie and Freddie to have concrete plans to improve equity in mortgage lending.
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Grapevine: Playing Ball on CRA / The Path to Public Ownership

October 28, 2021
Paul Muolo
CRA trade-offs and nonbanks: Let’s make a deal? Maybe, maybe not. Meanwhile, investors are still willing to sink cash into good mortgage ideas.
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Lenders Look to Incorporate Lessons from Pandemic

October 21, 2021
Brandon Ivey
The flexibility and innovation shown by mortgage lenders during the pandemic should be incorporated into everyday practices, according to panelists at the Mortgage Bankers Association’s annual convention.
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Dems Up Pressure to Include Housing in Infrastructure Bill

October 21, 2021
Dennis Hollier
While some conservative and moderate Democrats have hinted that they’ll accept a substantially smaller infrastructure bill than originally planned, other key members of the party say housing must be part of the package.
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The M&A Question: Which Side Are You On?

October 14, 2021
Paul Muolo
Profits (and profitability) drive the decision to sell a mortgage company. Several lender/servicers are at an inflection point or soon will be. In sum, the rest of 2021 should be interesting.
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Head Start on Higher Loan Limits Could Cause Complications for LOs

October 14, 2021
Brandon Ivey
Many lenders have increased their GSE loan limits nearly three months before new official limits come into play. Originating the loans, though, between now and the end of the year isn’t going to be as simple as lenders think.
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When Bad News Strikes, Recruiters Can Cause Headaches

October 14, 2021
Paul Muolo
In the wake of a messy lawsuit filed by a former top official, loanDepot’s staff has been the target of recruitment efforts. Should we be surprised?
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PNC Bank Hit With Class Action on Deferral Practices

October 14, 2021
Dennis Hollier
By adding deferred payments to the end of the mortgage, the bank may be double-charging borrowers for the principal payments.
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Grapevine: Chase’s October Surprise / Non-QMs and GOS?

October 14, 2021
Paul Muolo
JPM upped its MSR portfolio by roughly $45 billion in 3Q21. Good thing because the asset is rising in value. Will other commercial banks follow suit?
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Lenders Urge States to Extend Work From Home Flexibilities

October 11, 2021
Brandon Ivey
There’s no uniformity in how states are handling workplace requirements for mortgage companies during the pandemic. Industry participants are calling for the ability to work from home to be a permanent option.
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