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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.
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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...
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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...
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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.
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Mortgage Hiring Remains Elusive

March 11, 2024
Paul Muolo
At Jan. 31, mortgage bankers employed 186,000, the lowest reading in a decade.
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Cash Infusion, New Leadership at NYCB

March 7, 2024
Brandon Ivey
New York Community Bancorp has its third CEO in less than two weeks.
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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.
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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.
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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.
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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...
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