Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
loanDepot Sharpens the Cost-Cutting Knife, Eliminates 401(k) Matches October 6, 2022 Paul Muolo Cutting the 401(k) match will not be good for morale, one former loanDepot manager warned... Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
FHA Cash-Out Refi Share Spikes to 82% October 5, 2022 John Bancroft Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...Read More
Applications Off 14%, a 31% Plunge in Hurricane-Ravaged Florida October 5, 2022 Paul Muolo There's no way to put lipstick on the origination carnage...Read More
CFPB Considers Revisions to QM Standards, Servicing Practices October 5, 2022 Brandon Ivey The RFI also focuses on potential changes to servicing practices...Read More
At a Discount: Mortgage Underwriter Salaries October 4, 2022 Paul Muolo If you need a loan underwriter, plenty are available and at a reduced cost...Read More
ARM Share Breaks Through the 12% Threshold October 3, 2022 Brandon Ivey The nation's top-three ARM lenders: Bank of America, Chase and Wells Fargo...Read More
FHA Seeks Industry Feedback on Low-Balance Lending October 3, 2022 Monica Hogan FHA’s Title II program provides limits on the maximum loan amount but doesn’t set a floor...Read More
Its Fortunes Fading, loanDepot Execs Granted Pay Raises September 30, 2022 Retention bonuses that could reach 300% of base pay also were granted...Read More
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