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Wells Fargo’s Former Warehouse Chief Lands in New York

April 27, 2021
Paul Muolo

As Wells trims its presence in warehouse finance, the former head of the department lands at Signature Bank...


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It's Complicated: Time to Drop Branch Licensing Requirements?

April 27, 2021
Lisa Burden

Veteran mortgage attorney Gus Avrakotos: "With advances in technology, if there ever is a time to seriously consider dispensing with branch office licensing, this is the time."


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Plush with Stunning Profits, Mortgage Firms Boost Donations

April 23, 2021
Lisa Burden

Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?


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Mortgage Back-Office Workers Cease Huge Salary Demands?

April 20, 2021
Paul Muolo

One headhunter, requesting anonymity, said experienced underwriters are no longer commanding salaries approaching $120,000 per year, though some aren't afraid to ask...


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Short Takes: Nice Earnings for a Megabank / BofA and Home-Equity Lending / Some History / The Caliber Termination Fee / New Residential’s 1Q21 Results

April 15, 2021
Paul Muolo

The termination fee on the NRIC-Caliber deal: $25 million.


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CFPB Seeks Input on Use of Artificial Intelligence

April 13, 2021
Lisa Burden

Among the key risks highlighted with the use of AI: explainability, data usage and dynamic updating...


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Bayview Aggregating Jumbos for MBS Issuance

April 9, 2021
Brandon Ivey

Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts.


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FHFA OIG Finds Conflicts of Interest at Fannie...

April 6, 2021
Dennis Hollier

In 2017, the Inspector General found 57 instances, over a five-year period, of violations of the COI policy in place at the time. The wrongdoers: senior executive officers...


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Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji

April 2, 2021
Paul Muolo and Brandon Ivey

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…


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PHH Hires Former Mr. Cooper SVP to Lead Correspondent

March 29, 2021
Brandon Ivey

Mr. Cooper's correspondent lending volume dwarfs PHH's...


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