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Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji

April 2, 2021
Paul Muolo and Brandon Ivey

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…


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One More Mortgage IPO: Blackstone’s Mortgage Unit Starts Trading Monday

April 2, 2021
Paul Muolo

More gas left in the mortgage IPO tank? Some...


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HECM Production Down in 4Q but Otherwise Had a Banner Year

April 1, 2021
Maria Volkova

In 2020, American Advisors Group was the top reverse mortgage originator in the U.S., with $4.09 billion...


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Securitization Claims Higher Share of Mortgage Market

April 1, 2021
John Bancroft

Fun fact: Ginnie Mae regularly captures 95% or more of new FHA and VA loan production...


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Eyeing Higher Margins, Impac Returns to Non-QMs

April 1, 2021
Brandon Ivey

As recently as November, Impac Chairman and CEO George Mangiaracina said returns on loans eligible for sale to the government-sponsored enterprises were better than returns from non-QMs. However, this spring he indicated that market dynamics had changed.


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A Week After Charitable Commitment, Rocket Founder Reveals Large Stock Sale

April 1, 2021
Paul Muolo

In a research note, Keefe, Bruyette & Woods said that following Gilbert’s stock sale his interest in Rocket Companies will drop to 93% from 94%.


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CFPB Withdraws Pandemic Compliance Flexibility, Warns It Will Fully Enforce Dodd-Frank

April 1, 2021
Lisa Burden

The original order for leniency was put into place because of the global pandemic.


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Is the Waving of Appraisal Waivers Harmless?

March 31, 2021
Dennis Hollier

The benefits of a waiver are straightforward. Fannie said it speeds up the loan origination process...


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Post Fudge Declaration, MI Stocks Keep Rising

March 31, 2021
Paul Muolo

HUD's Fudge: "We continue to monitor mortgage performance trends within our portfolio, particularly related to those homeowners who are struggling financially because of the pandemic.”


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A Banner Year for Consumer Complaints, Mortgages Included

March 31, 2021
Lisa Burden

The number of complaints in the annual report submitted to Congress is substantially higher than figures reported on the bureau’s public-facing website...


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