Trustmark Settles Mortgage Redlining Charges as CFPB Warns About Pitfalls of Tech October 22, 2021 Paul Muolo One message: High tech won't protect you from the government's wrath.Read More
Bayview Preps Large Non-Agency MBS With GSE-Eligible IPLs October 21, 2021 Brandon Ivey Bayview's $823.2 million issuance will be the second largest non-agency MBS issued this year with GSE-eligible investment-property loans.Read More
An Earnings Drop for Warehouse Bank TCB October 21, 2021 Paul Muolo TCB has jettisoned key mortgage assets this year but remains a solid player in warehouse finance...Read More
The GSEs’ Low-Income Refi Programs Get a Boost October 21, 2021 Dennis Hollier The Federal Housing Finance Agency expands the GSEs’ low-income refinance programs to include more moderate-income borrowers.Read More
Non-QM Originator Newfi Agrees to a Sale. Others? October 21, 2021 Paul Muolo Originators of non-qualified mortgages are pondering sale offers from yield-hungry investors. Who’s in the driver’s seat? Right now, the originators are.Read More
Head Start on Higher Loan Limits Could Cause Complications for LOs October 20, 2021 Brandon Ivey Loan officers looking to take advantage of the higher limits will have to jump through some hoops...Read More
Rocket Moves to Up Its Game in the Broker Channel. Greater Access to RE Agents? October 20, 2021 Paul Muolo The move comes as the origination market shifts from refis to purchase-money lending.Read More
Freddie Mac Draws Nearer to Equal Share of GSE Market October 19, 2021 John Bancroft MBS guarantee fee pricing has become more level between the two GSEs since the uniform MBS was launched in 2019...Read More
At MBA Show, FHFA Chief Unveils Efforts to Increase the Low-Income Refi Pie October 19, 2021 Dennis Hollier Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.Read More
Another Non-QM Lender Changing Hands: Newfi October 18, 2021 Paul Muolo Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.Read More