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Industry Seeks Permanent Remote-Work Flexibility for MLOs

September 17, 2020
Yemeng Yang
But regulators are concerned about their ability to identify violations and a reduction in an important source of state revenue — branch licensing fees.
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Grapevine: The Never-Ending Boom / Believing in Rocket

September 17, 2020
Paul Muolo and Yemeng Yang

2020 may turn out be a record year for originations after all. As for 3Q20 results, many lenders are pre-reporting blue skies.


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Agencies Authorize Relief for Recent Natural Disasters

September 11, 2020
Maria Volkova
HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.
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Bulk Servicing Prices Improve but with Caveats

September 10, 2020
Paul Muolo

Signs of life in mortgage servicing sales? Believe it or not, yes, unless you're playing in the Ginnie Mae arena.


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Lender/Servicer Retention Rates Fall Even as Refis Rise

September 10, 2020
Brandon Ivey
Fewer borrowers are staying with their previous lender/servicers post mortgage refinancing. Quicken Loans stands out with an exceptionally high retention rate.
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Industry Not Worried About a California Mini-CFPB. Why?

September 10, 2020
Yemeng Yang
The final version of the bill exempts mortgage licensees from the expanded oversight and enforcement authority the state agency will have.
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Mortgage Grapevine: Rocket, Man; Mortgage Hiring Untethered

September 10, 2020
Paul Muolo

Rocket Companies posted a stunning $3.46 billion profit in 2Q20 but then got hit with a "negative" rating from Susquehanna Financial Group.


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FHFA Delays Controversial GSE ‘Adverse Market Fee’

August 27, 2020
Dennis Hollier
After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans.
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Non-Agency Forbearance: What if You’re the Subservicer?

August 27, 2020
Maria Volkova
One of the challenges with borrowers getting forbearance in this category is a lack of clarity regarding which entity holds legal authority to decide terms of loss mitigation.
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Servicer Proactive in Offering Pandemic Forbearance, Study Finds

August 27, 2020
Brandon Ivey
A study based on call transcripts between borrowers and a servicer found that many customers who received relief didn’t actively seek it.
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