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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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Wells Fargo Settles LO ‘Wage Theft’ Lawsuit

March 26, 2021
Lisa Burden

The plaintiffs charged that Wells did not pay loan officers for non-sales work, such as mandatory meetings, training and coaching sessions...


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Grapevine: Acra Eyes Retail; Free Overnight Borrowings?

March 25, 2021
Paul Muolo
Changes are afoot at Acra Lending, which helped revive the nonprime sector early last decade. On the to-do list: a retail shift and a partnership with ServiceMac.
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