Academic Study Finds TRID Prompted Lower Approval Rates March 15, 2022 Sam Manas The researchers analyzed nearly 8 million residential loan applications, both approved and denied...Read More
Increase in Mortgage Limits Impacts GSE Seller Volume March 14, 2022 Dennis Hollier The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...Read More
As Refinances Ebb, Originators Turn to New and Little-Used Products March 14, 2022 Brandon Ivey Mountain America recently launched a one-time-close loan, which can be used for home construction or renovations.Read More
PE Firm Hungry to Consolidate Fix-and-Flip Lenders March 11, 2022 Paul Muolo Mark Filler: “We’d like to buy at least a half-dozen mid-sized lenders and consolidate them.”Read More
A Strong 4Q for Non-Agency Lender Velocity Financial March 11, 2022 Brandon Ivey Velocity sources its production through mortgage brokers.Read More
Impac Posts 4Q21 Profit but CEO Strikes Cautious Tone March 11, 2022 Paul Muolo Impac's CEO said the first quarter of 2022 introduced "increased volatility and heightened market awareness of non-transitory inflation, and credit and liquidity risk brought on by geopolitical events."Read More
Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market March 10, 2022 John Bancroft The conforming-jumbo business saw a modest setback in 2021...Read More
Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
Expanded-Credit MBS Issuance Picking Up March 9, 2022 Brandon Ivey Issuance of expanded-credit MBS slowed as spreads widened and interest rates increased...Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
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