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Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man?

November 29, 2021
Paul Muolo
A GR LO cracks the $2 billion mark in originations. Are there others out there?
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CFPB Seeks Tech Talent to Match Private Sector

November 24, 2021
Sam Manas
Highlighting how algorithmic bias was leading to new, harder-to-detect digital redlining, Chopra said, “We need to make sure we have the skill sets in house"...
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Does the CFPB Have a ‘Revolving Door’ Problem?

November 23, 2021
Sam Manas
If former bureau attorneys are found engaging in violations, the CFPB said it will “make referrals to state licensing bodies and bar associations that may wish to consider disciplinary proceedings.”
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Wells Fargo Looking for a New Correspondent Chief

November 17, 2021
Paul Muolo
At midyear, Wells had $34.5 billion of correspondent acquisitions, ranking third in the channel...
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Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings

November 16, 2021
Sam Manas
Some 62% of mortgagors said they preferred a mobile notary when they closed...
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Loan Officers Earning Less Money These Days

November 12, 2021
Monica Hogan
On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.
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Mortgage Hiring Up Ever So Slightly This Fall. However…

November 8, 2021
Paul Muolo
Lenders and brokers continue to maintain their payrolls, but staff reductions could be on the horizon...
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FHFA OIG Lists Major Challenges Ahead for the Agency

November 3, 2021
Dennis Hollier
The OIG report also documents the lack of continuity in the leadership of DER.
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More Staff Changes at FHFA, Including AEI Alum Fisher

November 1, 2021
Dennis Hollier
Fisher, who joined FHFA in 2019 under former Director Mark Calabria, helped create the new division and played a key role in his plan to reduce the agency’s reliance on data and analysis...
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CFPB Appointments Emphasize Equity and Enforcement

November 1, 2021
Sam Manas
CFPB director Rohit Chopra named Lorelei Salas assistant director for the Office of Supervision Policy and Eric Halperin assistant director for the Office of Enforcement.
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