Bump in Servicing Income Not Enough to Offset 4Q Production Drop March 30, 2022 Brandon Ivey The writing is on the wall: It's time for mortgage originators to cut costs...Read More
A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
16-Year Fannie Mae Veteran Gives Notice March 29, 2022 Dennis Hollier Kimberly Johnson joins long list of GSE execs headed to the (real) private sector.Read More
Third-Party Originations Gain Market Share in 2021 March 29, 2022 Brandon Ivey In the non-agency jumbo sector, the retail channel’s loss was more pronounced, falling from 87.8% to 78.7% in 2021.Read More
CFPB Applies 'Unfairness' Standard to Lenders, Servicers March 29, 2022 Sam Manas The Bradley law firm said it’s noteworthy how the definition of unfair acts or practices has changed...Read More
GSE Loan Repurchases Rise Sharply in Booming 2020-21 Market March 28, 2022 John Bancroft Repurchases on the 2020 vintage, currently $2.37 billion, likely will edge higher...Read More
Better’s SPAC Partner Files Updated Financials March 28, 2022 Later this week the Securities and Exchange Commission meets to discuss new rules for SPACs...Read More
Lenders Weigh In on Blockchain. Block What? March 28, 2022 Dennis Hollier Only 31% of residential lenders believe mortgage companies will accept cryptocurrencies over the next three years...Read More
Bipartisan Senate Bill Seeks Details on NFIP Pricing March 28, 2022 The Flood Insurance Pricing Transparency Act requires FEMA to disclose all the formulas used to calculate mitigation credits...Read More
As Secondary Market Volume Drags, Maxex Trims Staff March 25, 2022 Paul Muolo CEO Tom Pearce noted the cutbacks were a difficult choice...Read More
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