Third-Party Lending Gains Market Share March 20, 2023 John Bancroft The correspondent share of conventional conforming edged up to 39.6% in the fourth quarter...Read More
NMLS Modernization Efforts Continue March 20, 2023 Sam Manas The CSBS believes licensing standardization will increase state system uniformity.Read More
Impac’s Production Shrivels Ahead of Business-Model Shift March 17, 2023 Brandon Ivey Few originations and limited warehouse capacity as Impac shifts into providing leads to mortgage brokers.Read More
Short Takes: Origination Blues / Bank ‘Tipping,’ How It Works / A Perfect Storm? / A Failure in Regulatory Supervision? / FRB’s Whole Loans / Rate Cuts Coming? March 17, 2023 Paul Muolo Did examiners at the FDIC realize there were such large unrealized losses in the HTM accounts of these banks?Read More
Nonbanks Seek Higher Ground, Move Deposits Around March 16, 2023 Paul Muolo Some regional banks have been paying higher interest rates to attract escrow money...Read More
Surprise: FHFA Delays Implementation of DTI Fees March 16, 2023 Dennis Hollier The move by Thompson gives seller-servicers more time to prepare...Read More
FoA Shrugs Off Losses, Focuses on Reverse Mortgages March 15, 2023 Brandon Ivey FoA's Fleming acknowledged that reverse originations are down but longer term views it as an attractive market...Read More
Non-QM Players Navigating a Volatile Secondary Market March 15, 2023 Brandon Ivey Ellington and other non-QM funders have emphasized having a diversity of borrowing sources...Read More
Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked March 13, 2023 Paul Muolo In 2022, FRB funded $31.6 billion in non-agency jumbos, an 8% gain from 2021...Read More
The Lone Origination Bright Spot for 2022: Expanded-Credit March 13, 2023 Brandon Ivey The top three expanded-credit lenders in 2022: Citibank, Angel Oak and Guaranteed Rate...Read More
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