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Mortgage M&A Heats Up with Caliber-NRIC Deal

April 15, 2021
Paul Muolo
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true.
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What to Know About the End of the ‘GSE Patch’

April 15, 2021
Dennis Hollier
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.
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Underwriters and Processors, Your Time Has Passed (Maybe)

April 15, 2021
Paul Muolo
The mortgage hiring game in a nutshell: Loan officers are in demand, processors and underwriters, not so much.
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Grapevine: $500 Million Says A Lot; Mortgage Tally: JPM Up, Wells Down

April 15, 2021
Paul Muolo
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.
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No End in Sight for GSE Adverse Market Fee

April 8, 2021
Dennis Hollier
Despite soaring profits, Fannie and Freddie continue to levy a 50-basis-point fee on nearly all refis to pay for the cost of COVID-19.
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Will Caliber’s IPO Plan Morph Into a Franchise Sale?

April 8, 2021
Paul Muolo
There’s more than one way to turn your mortgage company into cash. One is an IPO. The other is an outright sale. Will Caliber go the latter?
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Broad Opposition to CFPB’s Plan to Delay End of QM Patch

April 8, 2021
Brandon Ivey
A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.
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Economists: Homebuyers Really Are Getting Out of Town

April 8, 2021
Dennis Hollier
Fannie’s Desktop Underwriter data give a glimpse into the mechanics of the so-called urban exodus.
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Grapevine: Spinning Off Genworth MI? / Waiting on an FHA MIP Cut

April 8, 2021
Maria Volkova
The long running M&A saga of Genworth and its foreign suitor finally ended this week. Also, look for an FHA MIP cut down the road?
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Home-Equity Lending Still Subdued by Refinancing

March 25, 2021
John Bancroft
Most banks reported further declines in their home-equity portfolios, and the three biggest players in the sector continued to pull back. But credit unions and some regional banks stepped up. (Includes three data charts.)
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