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As Funding Tightens, Some Nonbanks Might Opt to Buy a Depository

April 24, 2020
Paul Muolo
Is warehouse credit getting so tight that some nonbanks are considering ei-ther purchasing or becoming affiliated with a federally insured depository? Looks that way.
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Higher CECL Reserves Take a Bite Out of Banks’ Earnings

April 24, 2020
Brandon Ivey
Banks increased reserves for loans held in portfolio during the first quarter on implementation of new accounting standards. Many delayed the impact of CECL on regulatory capital.
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States Ponder Reopening; Effects Remain to be Seen

April 24, 2020
Maria Volkova
Even though coronavirus cases are still increasing, some states like Texas and Georgia plan to reopen businesses, hoping that better days are ahead. Mortgage implications?
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Downpayment Assistance Increasingly Important for FTHBs

April 24, 2020
Brandon Ivey
The share of first-time homebuyers leaning on downpayment assistance for mortgages increased in 2019, according to a survey by the National Association of Realtors.
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JPMorgan Chase Caps Warehouse Credit

April 10, 2020
Paul Muolo
A new shoe has dropped in the nonbank liquidity saga: Warehouse credit. JPMorgan Chase, the largest player in the sector, is cutting back.
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Coronavirus Crisis Reshaping Lenders’ Best Practices

April 10, 2020
Brandon Ivey
Industry analysts suggest lenders sell loans quickly and use best-efforts pricing options to offset volatility caused by the coronavirus crisis.
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FHA Won’t Release Forbearance Numbers Until April End

April 10, 2020
Maria Volkova
Mortgage forbearance tied to the pandemic is on everyone’s mind these days, but HUD isn’t ready to provide any estimates.
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Regulators Ease Certain Mortgage Servicing Requirements

April 10, 2020
Yemeng Yang
Industry attorneys have cautioned companies to remain alert even though regulators have eased certain federal mortgage servicing rules.
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UWM Promises No Layoffs

April 10, 2020
Maria Volkova
United Wholesale Mortgage’s CEO has reassured employees that there will be no layoffs due to the current coronavirus crisis.
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Lenders Working from Home, Servicing Sales Moot

March 27, 2020
Paul Muolo
Lenders and servicers alike are facing huge challenges due to the coronavirus, with many rising to the operational challenge. However, when it comes to MSR sales, the picture is bleak.
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