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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...
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Compliance Still a Concern With LOs Working Remotely

October 19, 2023
Sam Manas
Standards for remote work by loan originators vary by state.
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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.
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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.
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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...
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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.
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Short Takes: Higher Loan Limits Anticipated / Slowdown Possible / CFO Leaves FoA / Redfin Leaves NAR

October 3, 2023
Brandon Ivey and Paul Muolo
Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.
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Better Execs to Collect $17 Million in Bonuses Tied to Going Public

October 2, 2023
Brandon Ivey
Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”
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Short Takes: Home Prices Tick Up / Big Gains in Florida / Empathy Versus Cost Cutting / Private Equity Firm Buys NPLs From Freddie

September 26, 2023
Brandon Ivey
Home prices increased by 0.8% on a monthly basis in July.
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CFPB Settles Employee Discrimination Lawsuit

September 21, 2023
Sam Manas
The class members are 85 Black and Hispanic employees who between February 2011 and April 2022 worked in the CFPB’s Office of Consumer Response in non-supervisory positions.
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