Fannie CEO to Take On President Role as Well November 15, 2023 Dennis Hollier Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.Read More
BLS: 6,800 Mortgage Jobs Were Lost in September November 6, 2023 Paul Muolo Almost 30,000 mortgage-banking jobs have evaporated over the past 12 months...Read More
Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options November 3, 2023 Brandon Ivey and James Dohnert “I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Short Takes: Better’s Insurance Play / No Coverage / The Benefits of Subservicing? / The Largest User / Wells’ Vice Chair Departs October 30, 2023 Paul Muolo The pros and cons of subservicing? It all depends...Read More
Compliance Still a Concern With LOs Working Remotely October 19, 2023 Sam Manas Standards for remote work by loan originators vary by state.Read More
Short Takes: Ginnie Loosens RPL Standards / Foreclosure Filings Rise / New Correspondent Lender / Fitch Upgrades Assessment of New American Funding October 12, 2023 Brandon Ivey Ginnie is offering flexibility for pooling reperforming loans in MBS.Read More
Short Takes: ARM Applications Jump / CFPB Targets Fees at Big Banks / Cenlar Makes QC Hire October 11, 2023 Brandon Ivey Applications for ARMs increased by 15% on a weekly basis.Read More
As Rates Continue to Rise, Mortgage Jobs Ebb October 9, 2023 Paul Muolo Unless mortgage rates begin declining, lenders and brokers alike will shed additional jobs...Read More
Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus October 5, 2023 Brandon Ivey Rate locks were down across mortgage products in September, including a large drop in cash-out refis.Read More
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