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
Grapevine: Battle of the Mortgage Titans / Better August 11, 2022 Paul Muolo UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.Read More
UWM’s Ishbia Throws Down the Gauntlet: ‘We Control the Margins’ August 11, 2022 Brandon Ivey When it comes to GOS, UWM's Mat Ishbia says he's running the table...Read More
LoanDepot Discloses Warehouse Waivers, Raises the Specter of Reorganization August 11, 2022 Paul Muolo The company, ranked seventh by Inside Mortgage Finance, is not alone when it comes to warehouse waivers being granted.Read More
FHFA: Servicers Must Maintain Fair Housing Data August 11, 2022 Dennis Hollier Fannie/Freddie servicers must collect age, race, ethnicity and language preference data from borrowers.Read More
A Brutal Quarter for loanDepot: A Large Loss, Layoffs, Wholesale Shuttered August 10, 2022 Paul Muolo The California-based lender/servicer went public at $14.00 a share in February 2021...Read More
The Key, Perhaps, to an FHA Premium Cut: The FCRA August 10, 2022 Monica Hogan FHA Commissioner Julia Gordon said, “Read the Federal Credit Reform Act.”Read More
Nonbanks Turn to Home-Equity Products, Other Alternatives August 10, 2022 Brandon Ivey Raymond James' MGD John Toohig said he received more calls about home-equity lines of credit in July than he had in his entire career.Read More
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