LoanDepot Executives Sell Company Shares Into a Tough Market June 16, 2022 The sales were carried out pursuant to Rule 10b5-1 trading plans...Read More
May Rate-Lock Readings Don’t Exactly Inspire June 16, 2022 Brandon Ivey Mortgage Capital Trading reported an even sharper drop of 10.1% for purchase rate-locks...Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’ June 15, 2022 Paul Muolo Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...Read More
Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
More MSR Deals Hit the Auction Circuit June 15, 2022 Paul Muolo As a way to raise cash, more lenders are contemplating servicing sales...Read More
Lenders, for the Most Part, Like FHA 40-Year Loan-Mod Proposal June 15, 2022 Monica Hogan NAR noted that 9.58% of FHA borrowers “were in some stage of delinquency” during the first quarter.Read More
A Rare Slowdown in the Outsourcing of Servicing June 14, 2022 Paul Muolo At the end of March, 31.7% of all outstanding residential mortgages were being processed by someone other than the owner of the MSRs...Read More
CDFIs Under Scrutiny as Their Non-QM Production Increases June 14, 2022 Brandon Ivey Loans originated by CDFIs also are exempt from risk-retention requirements...Read More
Finance of America Names Interim CEO, Cook Remains as Consultant June 14, 2022 Paul Muolo Cook, a former Freddie Mac and JPMorgan executive, announced her retirement earlier this year.Read More
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