CFPB Takes a Look at Asian American and Pacific Islanders in the Mortgage Market July 2, 2021 Lisa Burden
Short Takes: FHFA Leadership Changes Continue / CFPB Provides Compliant Translations July 2, 2021 Dennis Hollier
Home Point’s Shares Test 52-Week Low, Nonbank Targeted by Law Firm July 1, 2021 Paul Muolo Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...Read More
Bank Lending, Secondary Market Sales Down in 1Q21 July 1, 2021 John Bancroft Wells Fargo and JPMorgan Chase, the largest bank mortgage lenders, reported significant increases in the first quarter. But PlainsCapital Bank and Federal Savings Bank both posted double-digit declines.Read More
Mortgage Applications Get Nicked. How Soft Might It Get? June 30, 2021 Paul Muolo As MBA Chief Economist Mike Fratantoni pointed out: new business fell to the lowest level in almost 18 months.Read More
Jumbo Correspondent Production Booms... June 30, 2021 John Bancroft Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.Read More
Angel Oak Boosts Volume with Latest Non-QM MBS June 30, 2021 Brandon Ivey The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.Read More
FHFA Drops LTV Restrictions on Loan Modifications June 30, 2021 How many consumers will seek a modification due a COVID hardship remains to be seen. Forbearance readings continue to drop...Read More
Short Takes: Still in the Cards: A Government-Run Credit Bureau? / CFPB Cites Legal Violations / Office Locations a Problem / Foreclosure Issues Too June 30, 2021 Lisa Burden The CFPB says most mortgage branches are located in predominantly white neighborhoods...Read More