Non-QM Lender Sprout Closes Its Doors July 7, 2022 Paul Muolo Sprout officials could not be reached for comment...Read More
Bank/Thrift Retail Originations Plummet July 6, 2022 Namrata Bhatia Virtually all the top banks posted dismal results...Read More
MBA Sees Progress in Loan Officer Remote Work Legislation July 6, 2022 Sam Manas However, as MBA points out, it can sometimes take longer to get things done in California...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
The Next Shoe to Drop on Mortgage Stocks: Credit Concerns? July 5, 2022 Paul Muolo Credit concerns are not yet a problem, or much of a concern, in the mortgage industry...Read More
GSEs Update Seller/Servicers on Recent Equifax Coding Snafu July 5, 2022 Dennis Hollier More importantly, the inaccurate credit scores won’t render the loans ineligible for purchase.Read More
Short Takes: A Cut In FHA Premiums? (Again) / The Power of the President / Stocks Ugly, Bonds Pretty / M&A Roundup / Notable New Hires July 5, 2022 Paul Muolo A matter of when on FHA premiums?Read More
PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
Correspondents Gain Share in FHA/VA Market July 1, 2022 Monica Hogan Total FHA/VA lending by the group shrank 21.8% to $78.03 billion.Read More
Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
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