Short Takes: When People Never Sell Their Homes… / Good News, Bad News / A Probe of Troubled Issuers / Ally Expands / A Decline in Applications April 20, 2022 Paul Muolo Ally Bank, an investor in Better,com, is expanding its presence in residential finance...Read More
Yet More Layoffs at Better.com, Nation’s 17th Largest Lender April 19, 2022 Paul Muolo The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...Read More
Ginnie Issuance Declines in 1Q22, PennyMac Leads the Pack April 19, 2022 Monica Hogan The three largest Ginnie Mae issuers were PennyMac Financial, Lakeview and Freedom Mortgage...Read More
CHLA Pushes for Less Stringent GSE Eligibility Requirements April 19, 2022 Dennis Hollier Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.Read More
Mortgage Vendor Blend Institutes Layoffs April 19, 2022 Paul Muolo Blend: "The focus of the plan is on streamlining the company’s title operations as well as its general and administrative functions."Read More
FHA Adds 40-Year Loan Option for COVID-19 Recovery April 19, 2022 Monica Hogan Earlier this month, FHA issued proposed rule-making for a permanent 40-year loan option and is taking comments through May 31.Read More
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS April 18, 2022 Brandon Ivey On the other hand, United Wholesale Mortgage, the top contributor to prime non-agency MBS in 2021, avoided the market entirely...Read More
Lower Originations, Consumer Earnings at Bank of America April 18, 2022 Paul Muolo In the home equity department, BofA funded $2.04 billion compared to $1.70 billion in the fourth quarter.Read More
Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire April 18, 2022 Brandon Ivey One MBA official said currently only 15 states allow for remote work permanently...Read More
Shut for Repairs: FHA's Loan Review System April 18, 2022 Monica Hogan FHA estimates access to the LRS will be restored by April 25...Read More
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