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Lenders’ Profits Expected to Decline After Exceptional 2020

February 5, 2021
Brandon Ivey
If mortgage originations are operating in a typical three-year cycle, profits will likely fall this year, according to industry analysts. The wild card: how lenders react to continued demand for refis.
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MISMO’s ‘Innovation Investment Fee’ Goes Live

February 5, 2021
Brandon Ivey
For the first time, MISMO is charging a 75-cent-per-loan fee for mortgages registered electronically. The fee will help fund MISMO’s activities, with an emphasis on digital mortgages.
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Home Purchases Strong as Inventory Continues to Shrink

February 5, 2021
Maria Volkova
Home-sale prices increased by 18% year-over-year for the week ending Jan. 24, while pending sales grew by 28%, according to Redfin.
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loanDepot CEO Hsieh, a $50 Million-Plus Earner in 2020

January 22, 2021
Paul Muolo
Not only did loanDepot have blowout earnings in 2020, but its CEO and founder took home a blowout paycheck. Are there more like it?
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Servicers Face Challenges Following Forbearance Requirements

January 22, 2021
Brandon Ivey
A survey of servicing executives by Fannie Mae found that the companies are having difficulties keeping up with forbearance requirements. Staffing capacity is also an issue.
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Lenders Leaning on Tech, Customer Service and Pricing

January 22, 2021
Brandon Ivey
Lenders surveyed by Altisource cited technology as one of their biggest challenges, while also selecting technology enhancements as an important factor to increase business.
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Blend Doubles Valuation; Goldman Acquires Stake in Blue Sage

January 22, 2021
Lisa Burden
Online lending platform Blend recently raised $300 million in Series G funding. Also, Goldman Sachs took an undisclosed stake in a cloud-based loan origination platform.
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AEI Finds Racial Bias by Appraisers is Uncommon

January 22, 2021
Maria Volkova
Researchers at the think tank focused on the presence of appraisal bias during refinancing transactions because such loans “lack an arm’s length transaction.”
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Forbearance Helped Many Borrowers Avoid Foreclosure

January 8, 2021
Brandon Ivey
It’s too early to tell if the foreclosures have been avoided altogether or just pushed further into the future, a Federal Reserve economist said.
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FTC Ramps Up Oversight of Third-Party Service Providers

January 8, 2021
Brandon Ivey
The commission’s recent settlement with Ascension Data & Analytics shows the FTC, like other federal agencies, is increasing its focus on vendors and third-party firms.
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