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Inside Mortgage Trends
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Grapevine: SoFi Obtains Bank Charter; UWM Paying for Appraisals

January 28, 2022
Brandon Ivey
Financial technology lender SoFi is set to acquire a bank; United Wholesale Mortgage will cover appraisal costs on purchase mortgages through the end of March; mortgage tech companies raise capital; CoreLogic offers new fraud-detection service; low-code marketplace launched.
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Private MIs Lose Share of Agency Business in 4Q21

January 14, 2022
Namrata Bhatia
Private mortgage insurers lost market share in the agency purchase market during the last quarter of 2021, while FHA production shifted toward riskier business.
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Mixed Signals From Mortgage Bellwethers Wells and JPM

January 14, 2022
Paul Muolo and Monica Hogan
It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.
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As Lending Grows More Competitive, Guaranteed Rate Chucks TPO

January 14, 2022
Paul Muolo
For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.
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Preferences of Potential Homebuyers Vary Greatly

January 14, 2022
Dennis Hollier
Nearly half of Black first-time homebuyers say they would prefer to take a class or conduct in-depth research before buying.
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MISMO Membership Blooms in Quest for Data Standards

January 14, 2022
Brandon Ivey
Some 300 companies are now members of MISMO. The organization’s efforts to improve mortgage data are being helped by a new fee.
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States Begin Homeowner Assistance Program Rollouts

January 14, 2022
Monica Hogan
States have begun taking applications for homeowner assistance programs funded by the Treasury Department and designed to prevent foreclosures stemming from the pandemic.
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Grapevine: Employees Prefer WFH; Figure Revises Bank Charter Application

January 14, 2022
Brandon Ivey
The connection between work from home and productivity; Supreme Court blocks vaccine mandate for larger employers; Figure revises bank charter application; parent of Texas Capital Bank launches broker dealer.
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As The Clock Ticks On, More Debt Sales Appear

December 23, 2021
Paul Muolo
A few years back, we didn’t hear much about mortgage firms selling debt, at least not publicly. Today, debt sales are becoming commonplace, but for how long?
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Mortgage Banking Results Mixed at Banks and Thrifts

December 23, 2021
John Bancroft
Retail lending by depository institutions' mortgage-banking operations fell in the third quarter, but a major acquisition by one bank pushed other indicators higher.
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