One of the Worst Quarters Ever for Mortgage Banking Income (Depositories) June 22, 2020 John Bancroft Thanks to the coronavirus, it was the worst earnings for mortgage banking since the fourth quarter of 2008…Read More
CFPB Rolls Out Customized Advice to Financial Firms it Regulates June 19, 2020 Yemeng Yang Under the program, companies can submit specific queries identifying uncertainty in existing rules...Read More
Will a Quicken IPO be a Game Changer for Nonbanks? June 19, 2020 Paul Muolo After Quicken, who's next on the IPO dream list? Caliber? loanDepot? Read More
Policymakers Demand DACA Mortgage Probe June 18, 2020 Maria Volkova Alterra Mortgage President Miguel Narvaez: “And what happens is that no one wants to take the risk of doing loans that FHA will not insure.”Read More
Home-Equity Debt Falls Below the $500 Billion Mark June 18, 2020 Paul Muolo Home-equity lending volume rose modestly in the first quarter to an estimated $49.0 billion...Read More
Caliber Affiliate Brings its Second Post-Volatility Non-QM MBS June 18, 2020 Brandon Ivey Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May. Read More
What Pandemic? Purchase Applications Rise to Highest Level in 11-Plus Years June 17, 2020 Paul Muolo On an unadjusted basis, new business increased 7.0% from the week before…Read More
Deephaven Readies Non-QM MBS with Slightly Seasoned Loans June 17, 2020 Brandon Ivey Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance. Read More
FHFA to Re-Propose Financial Eligibility Requirements June 15, 2020 Dennis Hollier So far, the industry response has been positive, with a thumbs up coming from CMLA...Read More
Velocity Completes Unrated Securitization, Plans to Resume Lending in 3Q June 15, 2020 Brandon Ivey Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...Read More
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