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Inside Mortgage Trends
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Originations Appear to Have Topped Expectations in 2Q

July 2, 2020
Paul Muolo
The book just closed on the second quarter, and it appears that many nonbank originators closed more loans than they did in 1Q20.
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Impac Scales Back Production in a Bid to Reach Profitability

July 2, 2020
Brandon Ivey
The nonbank took a large loss in the first quarter and halted production. Officials at the firm are now betting on originating GSE-eligible mortgages through call centers to return to profitability in the third quarter.
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Pandemic-Induced Business Practices Are Here to Stay

July 2, 2020
Brandon Ivey
While some of the adjustments were initially thought to be temporary, lenders are preparing to make some permanent changes.
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CoreLogic Receives Takeover Bid. Antitrust Anyone?

July 2, 2020
Paul Muolo
Bill Foley, the man who made Fidelity Financial into a title insurance giant, has his eyes on mortgage analytics vendor CoreLogic. But will antitrust concerns prevail?
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Forbearance Related to the Pandemic Continues to Fall

July 2, 2020
Maria Volkova
MBA data show relief numbers falling by 1 basis point to 8.47%.
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HECM Lenders See an Increase in Applications

July 2, 2020
Maria Volkova
The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.
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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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