Non-QM Wholesaler Rescinds Rate-Lock Changes April 4, 2022 Brandon Ivey and Paul Muolo The firm added, “We understand the change caused confusion and stress for you and your borrowers and for that we apologize.”Read More
Cut FHA Premiums Now! Okay, Maybe Wait… April 4, 2022 Monica Hogan Not everyone's onboard regarding the premium cut...Read More
Phoenix Selling Texas-Heavy Conventional and Government Product April 4, 2022 Paul Muolo Another day, another MSR auction...Read More
The Mortgage Job Loss Tally: Brokers Add Workers, Bankers Cut April 1, 2022 Paul Muolo A search of WARN Act filings in California revealed very few recent mortgage-related layoffs in the state.Read More
Fix-and-Flip Lender Sachem Has Flat Quarter, Faces Stiffer Competition April 1, 2022 Brandon Ivey Sachem Capital more tan doubled its originations...Read More
Mortgage Tech Firm Blend Posts Large Loss, Stock Gets Crushed April 1, 2022 Paul Muolo Chairman Ghamsari said, “As we navigate through this rapid mortgage industry reset, our priorities are to drive customer adoption of our expanding software solutions"...Read More
Agency REMIC Issuance Unchanged in 2021, with Some Jockeying April 1, 2022 Brandon Ivey Fannie and Freddie reduced their REMIC/CMO issuance by 22.5% and 27.7%, respectively...Read More
A Large GSE MSR Package Hits the Auction Circuit March 31, 2022 As interest rates rise, bids on MSRs continue to be strong...Read More
Finance of America Granted Waiver from Fannie March 31, 2022 Paul Muolo Two senior executives are leaving FoA: Patricia Cook and Bill Dallas...Read More
GSE Regulator Addresses Latinos and Conventional Loans March 31, 2022 Dennis Hollier Thompson: “We’re charging the enterprises with making sure they look at all parts of the mortgage process"...Read More
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