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New California Law Prevents Bulk Sales of Foreclosed Properties

September 29, 2020
Brandon Ivey

In addition to prohibiting bulk sales of foreclosed properties, individuals and other entities will have a 45 day window after a foreclosure auction to beat the highest bid.


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MBA Blames Dicey Jobs Market for Lack of Forbearance Exits

September 28, 2020
Paul Muolo

According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.


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Wells Remains on the Wagon When It Comes to Correspondent Jumbos

September 28, 2020
Brandon Ivey

United Wholesale, Home Point Providing Funding for New Broker Shops

September 28, 2020
Brandon Ivey

The grant program for minorities and women is being administered by the Association of Independent Mortgage Experts.


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Need Underwriters and Processors? Be Prepared to Pay Up

September 28, 2020
Paul Muolo

When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....


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Mortgage Buybacks by Banks Could Hit New Annual Low This Year

September 28, 2020
John Bancroft

The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.


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Short Takes: In Focus: Big News for Brokers / Investing in Technology / The Rankings / The Readings / An Auction From MIAC

September 25, 2020
Paul Muolo

Fun fact: Among the top 10 wholesalers, not one is a depository…


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JPM Stocks Latest Prime Non-Agency MBS with High LTV Loans

September 25, 2020
Brandon Ivey

Mortgages in the deal have an average combined LTV ratio of 87.8%.


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Congress Seeks Treasury, Fed Assistance as CMBS Market Sputters

September 25, 2020
Yemeng Yang

Rep. Andy Barr of Kentucky: “Important sectors of our economy, including hospitality, conventions, entertainment, retail and commercial real estate, remain in stress."


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Fed’s 2Q MBS Buying Spree Pushes Aside Other Investors

September 25, 2020
John Bancroft

The Fed boosted its MBS holdings by a stunning 39.7% in 2Q20 while commercial banks posted a mere sequential gain of 1.6%...


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