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Short Takes: A Quarter to Remember / But a Record? / The NB vs. Bank Tally / Avoiding Television / A Premier for FHA AU

October 22, 2020
Paul Muolo and Maria Volkova

Among the top 10 lenders for the first nine months, six were nonbanks and four were federally insured depositories. However, the number-10 ranked Bank of America is in danger of being overtaken by Guaranteed Rate.


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Short Takes: The Passing of James Johnson / A Small Rise in Forbearance / Rocket Sets Earnings Date / BTIG Expands Mortgage Coverage / Nations’ New Houston Office

October 19, 2020
Paul Muolo

A former aide to Sen. Walter Mondale, Johnson – operating the company in the wake of the nation’s savings and loan crisis – recognized early on that Fannie’s future would hinge on conducting more business with  nonbank lenders...


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Racking Up Overtime to Handle the Refi Boom

October 19, 2020
Brandon Ivey

Of those surveyed, 25% of lenders said they increased their use of overtime pay...


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An Up Week for New Applications. 2021 Looks Promising?

October 7, 2020
Paul Muolo

One thing seems universal: originators are swamped with applications and inquiries, but are short of workers...


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A Milestone Reached: Loan Broker Employment Tops 100K

October 6, 2020
Paul Muolo

Year over year, full-time positions have grown by an impressive at 20.0%...


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Another Nonbank (Caliber) Unveils IPO Plans, CEO Earned $20 Mil Last Year

October 2, 2020
Brandon Ivey

In the first half of 2020, Caliber posted net income of $275.3 million compared to a loss of $59.4 million in the comparable period last year.


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GSE ‘Corporate Culture’ Remark Comes Under Scrutiny

October 1, 2020
Dennis Hollier

This official speculated that perhaps Calabria was referring to the companies’ corporate culture before the financial crisis, when the politically connected secondary market giants were widely feared on Capitol Hill.


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Short Takes: In Underwriters We Trust / Operations Workers, Anyone? / The GSE Question Never Came Up / Deferring Appraisals / A Promotion at Freddie

September 30, 2020
Paul Muolo

Another mortgage employment area badly in need of bodies is operations staff...


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Will the CFPB Revisit the LO Comp Rule?

September 30, 2020
Yemeng Yang

The rigid confines of the CFPB's LO comp rule continues to draw complaints from lending shops and their representatives in Washington...


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United Wholesale, Home Point Providing Funding for New Broker Shops

September 28, 2020
Brandon Ivey

The grant program for minorities and women is being administered by the Association of Independent Mortgage Experts.


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