MBA: Only 57% of Lenders Were Profitable in 2Q22 August 18, 2022 Paul Muolo MBA's Marina Walsh: "Pulling out a profit in these difficult conditions is no easy feat.”Read More
Change Opts for Income Documentation with Latest MBS August 18, 2022 Brandon Ivey Change, because it's a CDFI, is exempt from the Consumer Financial Protection Bureau’s ability-to-repay requirements.Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
On the Comeback Trail: Assumable Mortgages? August 17, 2022 Monica Hogan HUD: “In the current rate environment, the assumability feature of FHA-insured mortgages is receiving greater attention.”Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
When the Going Gets Tough in Mortgages, Some Banks Partner With Rocket August 16, 2022 Brandon Ivey The alliance offers Santander a chance to evolve its business without added costs...Read More
A New Twist on Mortgage Fraud? Apparently So... August 15, 2022 Dennis Hollier The first hint of this false identity scheme came through a tip to the SFFR team...Read More
A Few Months After Launch, Non-QM Correspondent Effort Shuttered August 12, 2022 Paul Muolo Another non-QM lender has fallen...Read More
Impac’s Originations and Profit Margins Plummet in 2Q22 August 12, 2022 Brandon Ivey The lender's gain-on-sale margin plunged to just 14 basis points in the April-June period from 124 bps in 1Q22.Read More
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