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Short Takes: French Hill to Lead HFSC / FHA Offers Hurricane Relief to Lenders / Affordability Issues Persist / Negative Outlook for Statebridge / PHH Turns to Blend

December 13, 2024
Brandon Ivey
Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.
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Another Month of Mortgage Job Gains. However…

December 9, 2024
Paul Muolo
Loan brokers added 100 full-timers during October, bringing their head count to 86,700 positions.
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Hiring Outlook Cloudy, LO Comp Under Pressure?

December 2, 2024
Paul Muolo
Commissions for retail mortgage loan officers seem to be stuck in a narrow band, said one consulting firm.
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Trump Picks Former State Legislator, NFL Player Turner for HUD Chief

November 25, 2024
Monica Hogan
Turner, currently chief visionary officer for multifamily housing developer JPI, also worked in the first Trump administration.
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Cherry Hill REIT Shifts to Internal Management, Ditching Middleman

November 15, 2024
Brandon Ivey
The REIT and Cherry Hill Mortgage Management, the external manager owned by Stanley Middleman, disagree about whether CHMI should pay an $18.4 million fee to terminate the external management agreement.
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CrossCountry Mortgage Hires Former PennyMac Officials

November 14, 2024
Brandon Ivey
The three executives hired by CrossCountry previously held similar positions at PennyMac.
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Short Takes: LOs Shy Away From AI / Homeowners Consider Moving Post-Election / Home Tours Increase / InterLinc Ready to Hire

November 14, 2024
Brandon Ivey
Among LOs that knowingly use AI, the most cited use was for marketing efforts.
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Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings

November 12, 2024
John Bancroft and Brandon Ivey
While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.
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A Banner Month for Mortgage Hiring. However...

November 4, 2024
Paul Muolo
At some shops, mortgage bankers are trying to do more with less, aided by technology.
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FHA Issues Draft Mortgagee Letters on Foreclosures, Underwriters

October 25, 2024
Monica Hogan
One addresses foreclosures in states with a nonjudicial foreclosure process and the other would modify requirements for direct endorsement underwriters.
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