If conformed to run HUD, Marcia Fudge plans to discuss a reduction to FHA premiums with HUD staff then have further discussions with members of Congress.

As LBA Ware CEO Lori Brewer put it, “They were rewarded for their long hours with robust compensation checks.” However, with rates predicted to fall in 2021, loan teams will probably have to focus more on purchase loans, Brewer said.

Overall, Freddie said its multifamily arm financed 803,000 rental units, more than 95% of which qualified as “affordable.”

A distant second was James Furash of AmeriHome with $13.2 million.

“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.

The concern centers on a clause that states beginning January 2022, the FHFA will cap the amount of mortgages any lender can deliver to the cash window at $1.5 billion over any four-quarter period.

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

Most of the other top players in the non-QM sector returned to the market within months of the COVID-related disruption...

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.