Non-QM REIT Lines Up New Borrowing Authority October 6, 2022 Paul Muolo The interest rate spread is 350 basis points over the one-month SOFR...Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
FHA Cash-Out Refi Share Spikes to 82% October 5, 2022 John Bancroft Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...Read More
Applications Off 14%, a 31% Plunge in Hurricane-Ravaged Florida October 5, 2022 Paul Muolo There's no way to put lipstick on the origination carnage...Read More
UWM Discloses $1.5 Billion MSR Facility With Citi October 5, 2022 Paul Muolo A good time to accumulate MSRs? UWM increases borrowing line...Read More
CFPB Considers Revisions to QM Standards, Servicing Practices October 5, 2022 Brandon Ivey The RFI also focuses on potential changes to servicing practices...Read More
Short Takes: Pain in Perspective / A Sure Bet / Jobs Numbers / Happy $31 Trillion / HELOC Leaders / FHA: How Do Lenders Feel About That? October 5, 2022 Paul Muolo and Monica Hogan Who'll stop the rain? Not the Fed, not this time around...Read More
At a Discount: Mortgage Underwriter Salaries October 4, 2022 Paul Muolo If you need a loan underwriter, plenty are available and at a reduced cost...Read More
Ginnie Expands Loan Buyout Authority Post Ian, Fiona October 4, 2022 Monica Hogan Ginnie Mae early this week expanded loan buyout authority to issuers to allow them to offer financial relief to borrowers affected by the recent hurricanes Ian and Fiona.Read More
CFPB's Chopra Reminds That Nonbanks Remain a Key Part of His Agenda October 4, 2022 Sam Manas Chopra said the CFPB must be the "financial first responders" if consumers are subjected to systemic abuse...Read More
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