Redwood’s First Venture Investments Focus on Rental Services March 22, 2021 Brandon Ivey However, the size of the investments in Rent Butter and Rent Room were not disclosed...Read More
A Trend in the Making: GSE Executives Searching for Greener Pastures March 19, 2021 Paul Muolo Executive-wise, Fannie has taken a bigger hit than Freddie... Read More
A Complication Develops on Chopra Heading the CFPB: Control of the FTC March 18, 2021 Lisa Burden Earlier this month, the SBC deadlocked on the Chopra CFPB nomination with a 12-12 partisan vote.Read More
State Regulators Take Notice of the UWM Brouhaha March 18, 2021 As one mortgage market consultant quipped: “It’s sort of like watching the Hatfields and the McCoys.”Read More
New York Nonbank Fined for Cybersecurity Breach March 17, 2021 Lisa Burden The New York regulator said RMS failed to investigate the breach... Read More
Originations and Nonperforming Loans Increase at Velocity Financial March 17, 2021 Brandon Ivey Mark Szczepaniak: "The uptick in nonperforming loans hasn’t been that troubling to us because historically we have always made money on these nonperforming loans and we continued to do that straight through 2020."Read More
Freddie Names Interim CEO: Mark Grier March 16, 2021 Dennis Hollier Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...Read More
Ginnie Mae MBS Issuance Finally Takes a Breather March 15, 2021 John Bancroft Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
Provident, Morgan Stanley Prep Prime Non-Agency MBS March 15, 2021 Brandon Ivey Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.Read More