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Will the CFPB Revisit the LO Comp Rule?

September 30, 2020
Yemeng Yang

The rigid confines of the CFPB's LO comp rule continues to draw complaints from lending shops and their representatives in Washington...


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Non-QM MBS Performance Improves Slightly in August

September 30, 2020
Brandon Ivey

The impairment rate on non-QM MBS declined by 70 basis points in August even as enhanced unemployment benefits ended in late July.


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Mortgage Beneficiaries of the COVID Crisis: Nonbanks, Smaller Shops

September 29, 2020
John Bancroft

Fun fact: With correspondent losing share, many small and mid-sized firms began selling directly to the GSEs...


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GSE Use of eMortgages Spikes but Remains Miniscule Overall

September 29, 2020
Dennis Hollier

In other words, all that chatter about an end to paper document is overblown.


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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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Latest Imf News

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Featured Data

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More Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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