Beware of Mortgagors Approaching the One-Year Mark on Forbearance Plans? March 16, 2021 Paul Muolo Black Knight says that overall, 2.6 million homeowners are in some form of COVID-related forbearance.Read More
Freddie Names Interim CEO: Mark Grier March 16, 2021 Dennis Hollier Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...Read More
FHFA’s Proposed Liquidity Rule May Require Some Work March 15, 2021 Dennis Hollier The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.Read More
Ginnie Mae MBS Issuance Finally Takes a Breather March 15, 2021 John Bancroft Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
Fannie's Chief Risk Officer Jumps Ship March 15, 2021 Dennis Hollier Fannie CRO John Forlines follows Andrew Bon Salle, former head of single-family lending, to mortgage lender Home Point.Read More
Provident, Morgan Stanley Prep Prime Non-Agency MBS March 15, 2021 Brandon Ivey Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.Read More
It’s LO Bonus Time — And Recruitment Season As Well March 14, 2021 Paul Muolo A slowdown in LO hiring? Don't bet on it...Read More
Expanded-Credit Lending Sees Recovery in 4Q20 March 14, 2021 Brandon Ivey For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.Read More
Surprise: PSPA Limits on Investment Loans Go Into Effect in April March 12, 2021 Dennis Hollier But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.Read More