Short Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital Closings March 28, 2024 Brandon Ivey The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.Read More
Almost Three Years After Bank Bought AmeriHome, More Departures March 25, 2024 Paul Muolo Roughly three years ago, AmeriHome, a nonbank planning an IPO, was sold to Western Alliance Bank for $1 billion...Read More
Freddie Mac Taps President as Interim CEO March 18, 2024 Dennis Hollier If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...Read More
Short Takes: Foreclosures Decline / MSR Offering / New CEO at AmeriHome / Details on Fannie’s NPL Sale March 13, 2024 Brandon Ivey and Paul Muolo Foreclosure activity declined by 1% on a monthly basis in February.Read More
Mortgage Hiring Remains Elusive March 11, 2024 Paul Muolo At Jan. 31, mortgage bankers employed 186,000, the lowest reading in a decade.Read More
Cash Infusion, New Leadership at NYCB March 7, 2024 Brandon Ivey New York Community Bancorp has its third CEO in less than two weeks.Read More
Short Takes: Demand for Purchase Mortgages Increases / Rate Locks Up in February / New CEO at Carrington / Freddie Securitizing RPLs March 6, 2024 Brandon Ivey A small decline in interest rates last week helped to increase applications for purchase mortgages.Read More
NYCB Revises 4Q Financials, CEO Resigns March 1, 2024 Brandon Ivey NYCB’s fourth-quarter results went from a $252 million net loss as reported Jan. 31 to a $2.71 billion loss.Read More
CFPB Officials Scrutinize Appraisal Foundation February 27, 2024 Shannon Clark CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.Read More
Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More