NMLS Renewals for LOs Slowed by System Errors December 7, 2021 Sam Manas MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.Read More
Expanded-Credit Mortgage Originations Up 24% in 3Q21 December 6, 2021 Brandon Ivey The ECM gain came as overall production fell 2.8% from the second quarter to the third...Read More
FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership December 6, 2021 Monica Hogan Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...Read More
GSE Servicing Rights Up for Grabs December 6, 2021 Paul Muolo Servicing prices are the best they've been all year.Read More
FHA Catalyst Default Monitoring System Delayed December 6, 2021 Monica Hogan The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.Read More
Trouble Ahead? Agency MBS Nears Pandemic Low in November December 3, 2021 John Bancroft Combined MBS issuance from Fannie, Freddie and Ginnie declined 11.5% from October...Read More
Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat December 3, 2021 Paul Muolo The loan brokerage sector fared a bit better with layoffs of just 200 workers...Read More
Some Publicly Traded Lenders Move to Cut Costs December 3, 2021 Paul Muolo Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...Read More
GR’s $2 Billion-a-Year Loan Officer. How He Did It… December 3, 2021 Sam Manas One consultant estimated that Banosian must have a team of at least 200 people around him...Read More
On the Rise and Gaining Ground: Purchase Lending December 2, 2021 The top three purchase lenders through the first nine months of 2021: PennyMac, Wells Fargo and UWM...Read More