CFPB Wants to Make Refinancing Easier for 'All' Households September 22, 2022 Sam Manas CFPB Director Rohit Chopra: "The mortgage market has not provided products that allow all households to save money by refinancing at a lower interest rate."Read More
When in Doubt, Nonbanks Trim or Kill Their Repo Lines September 21, 2022 Paul Muolo The cancellation list reads like a who’s who of mortgage banking...Read More
Another Look at 2Q Lending: Depositories Continued to Garner Market Share September 20, 2022 Namrata Bhatia Nonbanks’ market share contracted to 63.4%..Read More
In a Tough Market, Fifth Third Moves Ahead With Warehouse Initiative September 20, 2022 Paul Muolo The new warehouse effort comes at a difficult time for nonbank borrowers...Read More
Jumbo Correspondent Originations Jump in 2Q22 September 20, 2022 Dennis Hollier Jumbo lending through correspondents increased by 20.5% from the first to the second quarter.Read More
PacWest Bank Plans Unique Non-Agency CRT Transaction September 19, 2022 Brandon Ivey PacWest's non-agency credit risk transfer is planned as a one-off, with the bank acquiring loans from various lendersRead More
LO Signing Bonus Turns Heads. $2 Million? Really? September 16, 2022 Monica Hogan It seems like a lot of money to pay in tough times...Read More
Change Lending Readies its Largest Non-QM MBS to Date September 15, 2022 Brandon Ivey Loans in the deal have seasoned for an average of two months.Read More
Warehouse Commitments Continue to Head South September 15, 2022 Paul Muolo When nonbanks hurt, so too do their financiers...Read More
As Nonbanks Increase Market Share, Complaints Decline September 15, 2022 Sam Manas The researchers also found that when nonbanks gain share, banks shift their focus to higher-income borrowers...Read More
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