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The Reach of GSE Low-Income Refi Programs Underestimated

May 17, 2021
Dennis Hollier

The terms of Fannie’s new RefiNow program are broadly similar to those of Freddie Mac’s new Refi Possible.


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Short Takes: Whalen Weighs In on UWM / Lightning That Won’t Strike in the Same Place / Guild’s Track Record with LOs / The Key: Low Financial Leverage

May 14, 2021
Paul Muolo

Did anyone really think the gain-on-sale margins of 3Q20 and 4Q20 would last forever?


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Mortgage Complaints Filed with the CFPB Up in Every Category

May 14, 2021
Lisa Burden

Presumably, the pandemic has fueled the increase in gripes...


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GOS Margins Slip Across the Board. And Then There’s Guild

May 14, 2021
Paul Muolo

Sometimes, big isn't always better...


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A 1Q21 Profit for Finance of America, but Lower Margins...

May 14, 2021
Brandon Ivey

While the bulk of FoA’s income comes from forward mortgages, the firm also originated $769 million of reverse loans in the first quarter...


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Genworth Postpones MI IPO, Citing Market Valuation

May 13, 2021
Dennis Hollier

At press time, Genworth's share price was down slightly to $3.83. Its 52-week high is $4.76, its low $1.87...


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Politics Behind Delay of QM Standards?

May 12, 2021
Brandon Ivey

At issue: the new QM standards were drafted when the CFPB was under the leadership of Republican Kathleen Kraninger, who was appointed during the Trump administration.


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Guaranteed Rate Leads Jumbo Correspondent Sellers in 2020 (By Far)

May 12, 2021
Brandon Ivey

The main buyers of jumbos? Answer: commercial banks, accounting for 54.6% of purchases from unaffiliated sellers...


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Flagstar Stocks Non-Agency MBS with GSE-Eligible Investment-Property Loans

May 12, 2021
Brandon Ivey

Additional non-agency MBS with GSE-eligible mortgages for investment properties are expected due to new limitations on Fannie/Freddie acquisitions of such loans.


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Senators Ask the CFPB to Rethink QM Rule Delay

May 11, 2021
Lisa Burden

Sens. Warner and Scott: "We urge the bureau to allow the final rule to proceed as intended and commit to a longer-term approach..."


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