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Impac Mortgage Restarts Its Lending Business

June 5, 2020
Paul Muolo
For a while there, during the early days of the pandemic, Impac Mortgage appeared to be on the ropes, but it’s back in the lending arena, sans its non-QM menu.
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Borrowers Satisfied with Online Closings

June 5, 2020
Brandon Ivey
Though initially wary of the online closing process, borrowers’ satisfaction with their lenders appears to have increased during the pandemic.
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Mixed Response to Deferral of Appraisals for Banks

June 5, 2020
Brandon Ivey
Bank trade groups support an interim final rule that allows depositories to defer appraisals for up to 120 days in certain circumstances. Appraisers, on the other hand, have raised concerns.
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Digital Modification May Gain Traction

June 5, 2020
Yemeng Yang
With more than 8% of mortgages now in forbearance, industry experts are exploring ways to give an added impetus to digitizing the loan-modification process.
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New Lender Launches Fully Digital Product

June 5, 2020
Maria Volkova
A startup, Beeline, promises it can decide on a mortgage application in as little as 15 minutes.
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Impac Won’t Report 1Q Results Until Late June. Meaning?

May 22, 2020
Paul Muolo
Having hit a rocky patch during the pandemic, Impac Mortgage will be late in reporting first-quarter results and it’s selling most of its MSRs. What’s next?
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Investments in Mortgage Digitization Paying Off

May 22, 2020
Brandon Ivey
Lenders that made significant investments in technology in recent years reported better metrics than other players in several areas, such as origination costs and productivity.
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Rep and Warrant Insurance an Option for Mortgage M&A

May 22, 2020
Brandon Ivey
Rep and warrant insurance, which covers corporate functions and not loan-level issues, has increasingly been used in mergers and acquisitions outside of the mortgage industry.
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Home iBuying Resumes in Some Markets

May 22, 2020
Maria Volkova
While Zillow has restarted iBuying in Phoenix, Tucson, Raleigh and Charlotte, Opendoor has resumed acquisitions in Raleigh and Phoenix.
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In-Person Signatures Still Reign Supreme

May 22, 2020
Maria Volkova
State regulations and concerns regarding buyer safety have kept the mortgage industry from embracing e-signature technology.
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