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CFPB Complaints for 2020 Paint a Portrait of Discontent

January 24, 2021
Andras Malatinszky

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.


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Angel Oak Sets Its Sights on $4B of Nonprime Originations, At Least

January 24, 2021
Paul Muolo

“Right now business is good,” said Managing Partner and Co-CEO Mike Fierman…


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Anthony Hsieh, loanDepot’s $50 Million Man

January 22, 2021
Brandon Ivey and Paul Muolo

According to the S-1, the pay includes a base salary of $408,994 and a bonus of $42.5 million.


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Secondary Market Investors Salivating for 'New' Non-QMs

January 22, 2021
Brandon Ivey

After a disruption in March 2020, originations of non-QMs might return to pre-pandemic levels later this year...


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Private Mortgage Insurance Tops Purchase Market, VA Leads in Refis

January 22, 2021
John Bancroft

Private MIs were particularly strong in the purchase-loan market, with annual GSE sales of $366.87 billion — which represented 51.0% of all insured purchase loans securitized by the agencies...


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In 4Q, Banks Didn’t Exactly Rise to the Mortgage Occasion

January 21, 2021
Paul Muolo
The nation’s top six depositories funded a combined $139.3 billion of mortgages in the fourth quarter of 2020, down both sequentially and on an annual basis.
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White House Names Interim CFPB Director: Uejio

January 21, 2021
Lisa Burden

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.


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Mortgage Production Cools Off at Flagstar in 4Q20

January 21, 2021
Brandon Ivey

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...


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In 4Q20, Banks Didn’t Exactly Distinguish Themselves

January 20, 2021
Paul Muolo

For instance, Wells’ housing receivables fell 19.4% over the past 12 months.


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FHA Issues Statement on DACA Borrowers: Yes

January 20, 2021
Maria Volkova

The government MI is waiving a section in the handbook that reads, “Non-US citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”


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