Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing March 23, 2023 Namrata Bhatia The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...Read More
Destined for Sale, Eventually: Home Point? March 23, 2023 Paul Muolo In 4Q22, Home Point saw its gain-on-sale margin improve to 22 basis points...Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
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
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