Searching for a Gain-on-Sale Floor... March 18, 2022 Paul Muolo With the first quarter of 2022 drawing to a close, lenders and analysts alike are searching for green shoots of stability...Read More
Bill Dallas Departs Finance of America as Management Reorg Commences March 18, 2022 Paul Muolo FoA went public via a special purpose acquisition company maneuver in April 2021...Read More
Residential MBS Market Grew Significantly in 2021. As for the Fed... March 18, 2022 John Bancroft The Fed reported $402.67 billion of non-agency MBS outstanding at the end of the fourth quarter, a modest 0.9% nudge up from September...Read More
Ethnicity of Loan Originator a Factor in Mortgage Denials March 18, 2022 Brandon Ivey The researchers noted that the views expressed in the report are not (necessarily) those of the Dallas Fed or of any entity within the Federal Reserve System.Read More
Short Takes: What If: The 5% FRM / Looking Sideways at the Fed / A Rate Comparison / About That Vacation Home / The Thompson Nomination Advances March 18, 2022 Dennis Hollier and Paul Muolo In case you haven't noticed: Jumbo rates continue to be cheaper than Fannie/Freddie rates...Read More
The Decline in Home Equity Lending Continues Unabated March 17, 2022 Dennis Hollier There's been scattered talk that some nonbanks might soon launch second-lien products...Read More
Attorneys: DOJ Self-Referring Redlining Investigations March 17, 2022 Sam Manas A DOJ spokesperson declined to comment on the matter.Read More
A Huge Non-QM MBS From ICP March 17, 2022 Brandon Ivey In general, non-QM lenders are expecting strong originations in 2022 but...Read More
As Better Pines for Public Ownership, Lender Hires ‘Chief People’ Person March 17, 2022 Paul Muolo Before Better, Benson-Armer served as a senior partner at McKinsey...Read More
Wholesale Giant UWM Branches Out Into Bank Statement Loans March 16, 2022 Brandon Ivey and Paul Muolo UWM first dipped a toe into the non-QM market in December 2021, launching an interest-only offering...Read More
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