California Nonbank CRA Bill Scaled Back (For Now) April 12, 2022 MBA said the action to “remove the most detrimental aspects of the bill” was in response to an advocacy campaign...Read More
Rate-Lock Woes Hit Non-QM Lenders April 11, 2022 One problem: Non-QM lenders haven't been hedging their pipelines...Read More
GSE Originators Move to Loosen Credit Standards April 8, 2022 Namrata Bhatia In the first quarter of 2022, 16.46% of loans securitized by Fannie and Freddie had credit scores ranging from 620 to 699...Read More
Fannie Offers Alternative to Title Insurance April 8, 2022 Dennis Hollier For some lenders, an opinion letter written by a qualified attorney may be cheaper and more efficient than title insurance.Read More
Lenders Urged to Keep an Eye on LO Usage of Social Media April 8, 2022 Monica Hogan Monitoring compliance is crucial for originators to avoid violating consumer protection rules...Read More
Sources: Non-QM Lender Sprout Trims Staff April 7, 2022 Paul Muolo At press time, Long Island-based company, started by Alt A veteran Michael Strauss, could not be reached for comment.Read More
Correspondents Gain Market Share in FHA/VA Sector April 6, 2022 Monica Hogan Some top-ranked government lenders relied entirely upon retail production, including Navy Federal Credit Union, New American Funding, PrimeLending, Regions Financial and Angel Oak...Read More
A Tough Year for ARM Production but That Could Change April 5, 2022 Brandon Ivey The top three ARM originators of 2021: Bank of America, Chase and Wells Fargo...Read More
Non-QM Wholesaler Rescinds Rate-Lock Changes April 4, 2022 Brandon Ivey and Paul Muolo The firm added, “We understand the change caused confusion and stress for you and your borrowers and for that we apologize.”Read More
Cut FHA Premiums Now! Okay, Maybe Wait… April 4, 2022 Monica Hogan Not everyone's onboard regarding the premium cut...Read More
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