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Remote Notarization Bill Moves Through Congress

July 29, 2022
Sam Manas
The House passed the SECURE Notarization Act, which would allow for remote online notarization and set minimum standards. It would also allow for interstate notarizations.
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Mortgage Performance Depends on Social Capital

July 29, 2022
Dennis Hollier
Borrowers in counties with higher rates of voting and census participation and more nonprofits receive faster loan approvals and better terms and exhibit lower rates of delinquency, according to a new study.
Read More

Grapevine: Recession Odds a Coin Flip, Update on Flagstar’s Merger

July 29, 2022
Brandon Ivey
MBA punts on recession forecast; interest rates on mortgages expected to decline; Flagstar merger dragging on; homeowners want mortgage financing for energy improvements.
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How Bad Might the Mortgage Layoff Picture Get?

July 15, 2022
Paul Muolo
Last year was a record year in terms of loan production at $4.4 trillion. But oftentimes, when you have a boom, there’s an ugly hangover in the form of job cutbacks. How bad might it get?
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Purchase-Mortgage MI Volume Steady in 2Q as Refis Drop

July 15, 2022
Brandon Ivey
Purchase-mortgage business with primary mortgage insurance held up well in the second quarter while refi activity dropped, according to an analysis of agency MBS issuance. (Includes two data charts.)
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Warehouse Lenders Object to FGMC’s Bankruptcy Plans

July 15, 2022
Brandon Ivey
A cash management plan submitted in bankruptcy court by FGMC would “circumvent” the rights of FGMC’s warehouse lenders, according to Customers Bank and Flagstar Bank.
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MBA Says All Mortgage Transaction Parties Face Climate Risks

July 15, 2022
Sam Manas
Mortgaged property owners retain most climate change-related physical risks and transition risks up to the value of their equity. But lenders, servicers and secondary market buyers also face climate-related risks, the MBA said in a new white paper.
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New Paper Touts Strong Returns From e-Foreclosures

July 15, 2022
Dennis Hollier
Implementing e-bidding increases the success of foreclosure auctions and reduces price discounts.
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Grapevine: Bank Volume Down in 2Q; Better’s Losses Mount

July 15, 2022
Brandon Ivey
Mortgage originations down at big banks in second quarter; Better does worse in first quarter; loanDepot downsizing; foreclosure activity ramping up; MISMO remains busy.
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PIMCO-Owned FGMC Files for Chapter 11 Bankruptcy

July 1, 2022
Paul Muolo
First Guaranty Mortgage Corp., a prime and non-agency lender owned by PIMCO, has gone bust, leaving a long list of creditors in its wake. The big question: Are there other FGMCs out there?
Read More
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Latest Imf News

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