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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...


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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.


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Pandemic Reaction: MBA Moves Annual Convention Online

June 24, 2020
Yemeng Yang

MBA hopes to return to large in-person conferences next year.


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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...


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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.


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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...


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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...


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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...


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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.


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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.


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