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Altisource Critical of Single-Family Rental Spinoff Front Yard

June 19, 2020
Brandon Ivey
After a planned merger between Amherst Residential and Front Yard Residential fell through, the head of Altisource Portfolio Solutions expressed his displeasure with Front Yard’s board.
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Demand for Refis Helping to Keep Profit Margins Elevated

June 19, 2020
Brandon Ivey
Lenders are making money hand over fist thanks to low interest rates and the ability to complete refis while working from home.
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Redlining Legacy Still Contributes to Inequality

June 19, 2020
Yemeng Yang
Redlining practices of several decades ago continue to have an adverse impact on black families’ homeownership rates and home equity, according to a recent study by Redfin.
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Servicers’ Call Volumes, Abandonment Rates Drop

June 19, 2020
Maria Volkova
Servicers have amped up their hiring and embraced virtual assistance, lowering average hold time to 1.8 minutes.
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Trends Grapevine: The IPO Roulette Wheel / An Open Window

June 19, 2020
Paul Muolo
Nonbank mortgage giant Quicken is contemplating an IPO. Okay, but who else? How about: Caliber and loanDepot.
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Impac Mortgage Restarts Its Lending Business

June 5, 2020
Paul Muolo
For a while there, during the early days of the pandemic, Impac Mortgage appeared to be on the ropes, but it’s back in the lending arena, sans its non-QM menu.
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Borrowers Satisfied with Online Closings

June 5, 2020
Brandon Ivey
Though initially wary of the online closing process, borrowers’ satisfaction with their lenders appears to have increased during the pandemic.
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Mixed Response to Deferral of Appraisals for Banks

June 5, 2020
Brandon Ivey
Bank trade groups support an interim final rule that allows depositories to defer appraisals for up to 120 days in certain circumstances. Appraisers, on the other hand, have raised concerns.
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Digital Modification May Gain Traction

June 5, 2020
Yemeng Yang
With more than 8% of mortgages now in forbearance, industry experts are exploring ways to give an added impetus to digitizing the loan-modification process.
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New Lender Launches Fully Digital Product

June 5, 2020
Maria Volkova
A startup, Beeline, promises it can decide on a mortgage application in as little as 15 minutes.
Read More
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