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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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Fairway CEO Critical of UWM Broker Contract

March 25, 2021
Maria Volkova

At issue: the freedom of loan brokers under UWM's operating contract...


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CSS Taps Cenlar Executive as New Chief Risk Officer

March 24, 2021
Dennis Hollier

CSS, a joint venture of Fannie Mae and Freddie Mac, has been on something of a hiring spree of late. In 2020, at the direction of the Federal Housing Finance Agency, the company increased the size of the board by three members, the last two of which were picked early this year. In December, CSS also picked a new chief technology officer.


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Redwood’s First Venture Investments Focus on Rental Services

March 22, 2021
Brandon Ivey

However, the size of the investments in Rent Butter and Rent Room were not disclosed...


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A Trend in the Making: GSE Executives Searching for Greener Pastures

March 19, 2021
Paul Muolo

Executive-wise, Fannie has taken a bigger hit than Freddie...


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A Complication Develops on Chopra Heading the CFPB: Control of the FTC

March 18, 2021
Lisa Burden

Earlier this month, the SBC deadlocked on the Chopra CFPB nomination with a 12-12 partisan vote.


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State Regulators Take Notice of the UWM Brouhaha

March 18, 2021

As one mortgage market consultant quipped: “It’s sort of like watching the Hatfields and the McCoys.”


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