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Racial Disparities in Mortgage Lending Persist at Fintechs

November 20, 2020
Brandon Ivey
Moving the origination process online has done little to reduce the racial disparities in mortgage lending, according to a new analysis of HMDA data.
Read More

Credit Model Reform Needed to Solve Housing Discrimination

November 20, 2020
Yemeng Yang
Incorporating alternative data into the underwriting model with rigorous front-end control may help eliminate racial inequality in housing, according to industry analysts.
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Homebuyers Are Making Faster Decisions During Pandemic

November 20, 2020
Maria Volkova
Pre-pandemic, consumers would start shopping 180 days before closing on a mortgage. The window has now shrunk to 100 days.
Read More

Grapevine: Buying High-Coupon MSRs / UWM’s SPAC a Go

November 20, 2020
Paul Muolo
There’s more than one way to skin an MSR cat. Meanwhile, looks like UWM’s SPAC will be completed in December.
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Homeownership Rate Flat in 3Q Despite Low Interest Rates

November 6, 2020
Brandon Ivey
Many potential buyers haven’t been able to take advantage of low mortgage rates because home prices have increased faster than income, limiting affordability.
Read More

Lenders Report Minimal Issues as Employees Work from Home

November 6, 2020
Brandon Ivey
Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.
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Signs of Life in Ginnie Mae MSR Sales? Maybe

November 6, 2020
Paul Muolo
The sale of Ginnie servicing rights have been anemic for two full quarters. But hope springs eternal the market might be reviving soon.
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LO Compensation Continued to Climb in Third Quarter

November 6, 2020
Maria Volkova
The number of LOs hired and coached increased by 19% year-over-year, according to LBA Ware.
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SFR Player Front Yard to be Taken Private

October 23, 2020
Brandon Ivey
Pretium Partners and a unit of Ares Management will acquire Front Yard Residential in a deal valued at $2.4 billion. The move follows recent complaints from shareholders regarding mismanagement.
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Uniformity and Collaboration Key to RON’s Success

October 23, 2020
Yemeng Yang
The coronavirus pandemic has sped the adoption of remote online notarizations, but uniformity and collaboration are critical for sustainability.
Read More
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