For Fannie and Freddie Another Record Year for MBS Issuance January 19, 2022 Dennis Hollier Depositories made up some ground on the nonbanks with a combined fourth quarter market share of 31.2%.Read More
Better.com Chief Garg Ready to Return January 19, 2022 Paul Muolo Better.com hired a former federal prosecutor from the Southern District of New York to conduct the "culture" review...Read More
Nearly 450 MLOs Sanctioned for Continuing-Ed Fabrications January 19, 2022 Sam Manas Those settling will surrender their licenses...Read More
Mortgage-Related Complaints Filed With the CFPB Down in 4Q21 January 19, 2022 Andras Malatinszky However, the number of borrowers unhappy with the loan-modification process jumped 12.7%...Read More
Lower Originations for USB but a Gain for Bank of America January 19, 2022 Paul Muolo One ominous sign for both USB and the overall industry is the bank’s mortgage application reading...Read More
High-Risk Lending Edges Up at Fannie and Freddie January 18, 2022 Namrata Bhatia Meanwhile, the share of low-risk loans — those with credit scores above 700 — dropped to 68.5%...Read More
A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
FHFA Rejects GSEs’ DTS Plans, Wants Revisions January 18, 2022 Dennis Hollier Advocacy groups representing these underserved markets sharply criticized the plans, arguing the GSEs actually proposed reduced loan targets...Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
Guaranteed Rate Kisses Wholesale Goodbye January 13, 2022 Paul Muolo The last day a broker can close a loan with GR is Feb. 28.Read More
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