Short Takes: FoA Looks to Buy Servicing / A Problem: Origination Capacity / A Dip in Applications / Wanted: Larger Homes / A New CD for CHLA July 1, 2020 Paul Muolo Finance of America sees an opportunity in mortgage servicing rights...Read More
Supreme Court Rules President Can Fire CFPB Director 'Without Cause' June 29, 2020 Yemeng Yang “The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” according to the majority opinion, written by Chief Justice John Roberts.Read More
Pandemic Reaction: MBA Moves Annual Convention Online June 24, 2020 Yemeng Yang MBA hopes to return to large in-person conferences next year.Read More
Indicted Mortgage Veteran Ron McCord: 'The Truth Will Prevail' June 9, 2020 Paul Muolo Among the charges: McCord bounced checks to more than sixty taxing authorities and borrowers missed making their real estate tax payments...Read More
Black Knight Elects Former OCC Chief Otting to its Board June 8, 2020 Paul Muolo Otting's appointment is effective July 1. He has not yet been named to serve on any board-centric committees, which carry extra pay. Read More
Despite the Pandemic, Nonbanks Continue to Hire June 5, 2020 Maria Volkova Nonbank mortgage giants such as UWM and Quicken are hiring hundreds of mortgage workers during the pandemic. Commercial banks, not so much...Read More
Short Takes: When Unemployment Feeds Forbearance / More on Freddie’s New CFO / Freedom’s MSR Financing Line / Impac’s New Subsidiary / Moving Back a Convention June 4, 2020 Paul Muolo The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...Read More
MBA Cautiously Optimistic Annual Convention Will Be Held in Chicago May 29, 2020 Yemeng Yang Conferences, exhibit halls and the sponsorships that go along with them are an important source of revenue for many trade groups...Read More
Short Takes: Waiting on FHA’s Forbearance Policy / Getting It Right / Refi Applications Drop / Purchase Apps Spike in New York / Exec Leaves MUFG for Greystone May 27, 2020 Paul Muolo Fun fact: Refi applications are up 176% from last year.Read More
Mortgage Sector Bucks the Trend, Adds Jobs During Pandemic May 8, 2020 Paul Muolo The mortgage employment reading, while strong, trails the national numbers by one month.Read More