A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
Fannie's Chief Risk Officer Jumps Ship March 15, 2021 Dennis Hollier Fannie CRO John Forlines follows Andrew Bon Salle, former head of single-family lending, to mortgage lender Home Point.Read More
Provident, Morgan Stanley Prep Prime Non-Agency MBS March 15, 2021 Brandon Ivey Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.Read More
It’s LO Bonus Time — And Recruitment Season As Well March 14, 2021 Paul Muolo A slowdown in LO hiring? Don't bet on it...Read More
Expanded-Credit Lending Sees Recovery in 4Q20 March 14, 2021 Brandon Ivey For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.Read More
Surprise: PSPA Limits on Investment Loans Go Into Effect in April March 12, 2021 Dennis Hollier But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.Read More
A Stunner: Nonbank Share of Top-100 Nears 72% March 12, 2021 John Bancroft Mortgage analysts have the right to ask: Where have all the depositories gone?Read More
A New Wrinkle in the CRT Market: Warehouse Credit March 12, 2021 Paul Muolo The notes acquired by institutional investors carry a maturity of three years. Read More
A Loss for Impac in 4Q, but Originations Jump. CEO Hopeful March 12, 2021 Brandon Ivey Impac's production nearly doubled on a sequential basis in the fourth quarter but margins compressed.Read More
Being Diluted: GSE Control of the CSS March 11, 2021 Dennis Hollier As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.Read More