Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Lenders Eye Non-QMs as a Replacement for Refi Business December 1, 2021 Brandon Ivey A&D Mortgage: “With conventional rates on the rise again, now is a perfect time to reconsider non-QMs"...Read More
A Credit Union Joins the Warehouse Lending Club December 1, 2021 Paul Muolo So, what’s PenFed doing in the warehouse — and correspondent — business?Read More
FHFA Rolls Out 2022 Conforming Loan Limits. High Cost Areas Just Shy of $1M November 30, 2021 Dennis Hollier An 18.05% year-over-year increase in home prices means Fannie and Freddie will be able to purchase loans as high as $970,080 in 2022.Read More
MBA: Lending Profits Improve but Expenses Continue to be a Problem November 30, 2021 Paul Muolo MBA's Marina Walsh noted, “Per-loan production expenses continued to rise for the fifth consecutive quarter, reaching the second-highest level ever reported.”Read More
Banks' Mortgage Banking Income Rebounds in 3Q21 November 30, 2021 Call-report data suggest the industry saw gains on both servicing and loan sales...Read More
Coming Very Soon: GSE Conforming Loan Limits for 2022 November 29, 2021 Dennis Hollier Caps for GSE loans could jump by as much as 19%.Read More
Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man? November 29, 2021 Paul Muolo A GR LO cracks the $2 billion mark in originations. Are there others out there?Read More
Retail Takes a Hit in 3Q21, Wholesale Lending Up Slightly November 24, 2021 John Bancroft Wholesale-broker platforms posted the biggest increase, with volume up 1.6% to an estimated $186 billion...Read More
Short Takes: Applications Flat / Delinquencies Decline / HUD's Vaccination Rate / Another Legacy Non-Agency MBS Settlement / Thanksgiving Break November 24, 2021 Brandon Ivey Mortgage originations held steady despite an uptick in interest rates.Read More