Looser Underwriting Becoming a Concern in the Non-Agency Market December 20, 2021 Brandon Ivey Industry veteran Rudy Orman of Reliant Bank worries about lenders offering debt service coverage ratios of less than 1.Read More
MBA Lobbies for Changes to FHA Single-Family Handbook December 20, 2021 Monica Hogan On the wish list: a rule allowing private flood insurance on FHA loans and much more...Read More
Inspector General Calls on CFPB to Improve Supervision of Nonbanks December 17, 2021 Sam Manas In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...Read More
Short Takes: A Good Time to Be a Purchase Lender / Forbearance Increases / Annual Meetings, Already? / Date, Fenway and Better December 17, 2021 Paul Muolo and Brandon Ivey
Plenty of Home Equity but Consumers Just Aren't Tapping It December 16, 2021 John Bancroft Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.Read More
Better's Future: Clean It Up and Sell It? December 16, 2021 Paul Muolo The Better.com story continues to percolate...Read More
Lender Facing Loss After Setback in Appraisal Case December 16, 2021 Brandon Ivey Fannie Mae discovered the encroachment during an audit...Read More
Can Cash-out Refis Buffer the Layoff Picture? December 15, 2021 Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.Read More
Fannie and Freddie on Crypto: Convert to Cash, Then Season It December 14, 2021 Dennis Hollier Freddie's lender bulletin emphasizes the enterprise's aversion to Bitcoin, Ethereum etc...Read More
Production Income Gains as Servicing Turns Profitable December 13, 2021 John Bancroft Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.Read More
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