A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
Third-Party Originations Gain Market Share in 2021 March 29, 2022 Brandon Ivey In the non-agency jumbo sector, the retail channel’s loss was more pronounced, falling from 87.8% to 78.7% in 2021.Read More
CFPB Applies 'Unfairness' Standard to Lenders, Servicers March 29, 2022 Sam Manas The Bradley law firm said it’s noteworthy how the definition of unfair acts or practices has changed...Read More
Better’s SPAC Partner Files Updated Financials March 28, 2022 Later this week the Securities and Exchange Commission meets to discuss new rules for SPACs...Read More
Bipartisan Senate Bill Seeks Details on NFIP Pricing March 28, 2022 The Flood Insurance Pricing Transparency Act requires FEMA to disclose all the formulas used to calculate mitigation credits...Read More
Can't Afford a House Close to Work? Millennials Seek Vacation Homes as First Buys March 25, 2022 Further complicating the issue: Vacation home loans don’t qualify for government loan programs.Read More
A Trying Time for Originators as Rates Continue to Rise March 24, 2022 Paul Muolo The California-based American Pacific Mortgage is looking for origination platforms east of the Mississippi, but not necessarily near the coasts...Read More
White House Establishes Plan to Root Out Appraisal Discrimination March 23, 2022 Monica Hogan A senior administration official said the task force will continue its work beyond the release of the plan. In other words, more to come...Read More
Jumbo Lending Through Correspondents Increases in Fourth Quarter March 23, 2022 Brandon Ivey The increase in correspondent lending was driven by JPMorgan Chase and Wells Fargo...Read More
A New Non-QM MBS Issuer Appears on the Horizon March 23, 2022 Brandon Ivey Marathon Asset Management provided Long Run Partners with start-up capital...Read More
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