Experts Call for Increased ADU Financing February 4, 2022 Monica Hogan Where does the mortgage industry fit in? “The biggest barrier left to scaling up ADUs is finance,” said Karen Chapple, a professor from the University of California at Berkeley.Read More
Nonbank Servicers Rack up Gains, Wells Fargo Falls Back to Earth February 3, 2022 John Bancroft Nonbank servicers in the top 50 posted a hefty 4.6% gain in owned servicing...Read More
As Margins Tighten, Santander Quits the U.S. Mortgage Market February 3, 2022 Paul Muolo For now, the bank will continue to service its residential loans and HELOCs...Read More
Angel Oak Broadens Sourcing for Expanded-Credit MBS February 3, 2022 Brandon Ivey One contributor to the deal: Impac Mortgage...Read More
Non-Agency Investment-Property Lenders Come On Strong February 3, 2022 Brandon Ivey Loan originators note that debt service coverage ratio loans are easier to underwrite than conforming mortgages...Read More
Consumer Complaints Reach Another Record in 2021 February 2, 2022 Sam Manas Consumer complaints about debt collection saw a hefty 30.6% rise.Read More
loanDepot CEO Discloses Stock Purchases in Call With Analysts February 2, 2022 Paul Muolo loanDepot went public roughly a year ago. Its stock once traded as high as $39 a unit...Read More
As ‘Fence Sitters’ React, A Nice Comeback for New Loan Applications February 2, 2022 Paul Muolo Application whiplash? But in a good way...Read More
Nonprofit Coalition Offers Blueprint to Improve Fannie/Freddie DTS Plans February 2, 2022 Dennis Hollier In particular, the plans were long on outreach, but failed to describe where the GSEs would provide liquidity...Read More
An Earnings Plunge for loanDepot. Servicing Writedowns Too February 1, 2022 Paul Muolo In a bit of a surprise, loanDepot also recorded negative changes to the fair market value of its mortgage servicing portfolio totaling $118.7 million.Read More
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