Short Takes: Lack of Housing Finance Oversight Hearings? / Impeding? / Mortgage Applications Fall / Existing Home Sales Fall / The Number-One MSR Buyer Is… July 20, 2022 Paul Muolo Hungry for bulk MSRs: Jamie Dimon's JPMorgan Chase...Read More
FHFA Will Address UMBS Fee on Commingled Securities July 19, 2022 Brandon Ivey FHFA's Sandra Thompson: “We’ve got some options that we’re considering in the short-term"...Read More
As Production Skids, Underwriter Costs ‘Correct’ July 19, 2022 Paul Muolo Loan underwriter salaries have dropped significantly from their refi peaks...Read More
Mostly Flat Originations for Truist July 19, 2022 Paul Muolo Truist is the nation’s 15th largest residential originator overall...Read More
CFPB Clarifies: So-Called Convenience Fees Are Illegal July 19, 2022 Sam Manas The agency said collection of any fee is forbidden unless it's mentioned in the consumer’s contract or...Read More
FHFA Nods to Fintech's Role in Housing Finance, Creates a New Office July 19, 2022 Dennis Hollier The agency said it wants to foster the safe, sound and responsible use of technology in the mortgage process.Read More
How Bad Might the Mortgage Layoff Picture Get? July 18, 2022 Paul Muolo In less than a year, Better has reduced its headcount by 72%... Read More
Bulk MSR Transfers Soar in Massive 2Q22 Reshuffling July 18, 2022 John Bancroft Year-to-date transfers of Fannie Mae, Freddie Mac and Ginnie Mae servicing hit $561.35 billion, setting a pace for a $1 trillion year.Read More
Whole-Loan Buyers Playing Significant Role in Non-Agency Market July 18, 2022 Brandon Ivey “It’s a little depressing right now being in RMBS,” said one SFA panelist in jest...Read More
First-Lien Lending Slips at BofA, Second-Lien Production Jumps July 18, 2022 Paul Muolo BofA said its new mortgage customers had an average loan-to-value ratio of 70% in 2Q22...Read More
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