MBA Blames Dicey Jobs Market for Lack of Forbearance Exits September 28, 2020 Paul Muolo According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.Read More
United Wholesale, Home Point Providing Funding for New Broker Shops September 28, 2020 Brandon Ivey The grant program for minorities and women is being administered by the Association of Independent Mortgage Experts. Read More
Need Underwriters and Processors? Be Prepared to Pay Up September 28, 2020 Paul Muolo When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....Read More
Mortgage Buybacks by Banks Could Hit New Annual Low This Year September 28, 2020 John Bancroft The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.Read More
Short Takes: In Focus: Big News for Brokers / Investing in Technology / The Rankings / The Readings / An Auction From MIAC September 25, 2020 Paul Muolo Fun fact: Among the top 10 wholesalers, not one is a depository…Read More
JPM Stocks Latest Prime Non-Agency MBS with High LTV Loans September 25, 2020 Brandon Ivey Mortgages in the deal have an average combined LTV ratio of 87.8%.Read More
FHFA Once Again Extends the GSE Forbearance Acquisition Program September 24, 2020 Paul Muolo and Dennis Hollier Although the forbearance program was extended by the FHFA, it still looks expensive to lenders at 500 to 700 basis points... Read More
Piper: A ‘Wide Valuation’ Discrepancy Between Rocket/UWM and the Rest of the Gang September 24, 2020 Paul Muolo When was the last time the market saw a publicly traded wholesale-only lender?Read More
Flood Insurance Program Ready to Lapse ... Again September 24, 2020 Maria Volkova Once again, the NFIP is on the brink. Will Congress ever get its act together? Read More