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Short Takes: The Emphasis is on ‘Informal’ / A 60-day Rate-Lock Reprieve? / Refi FOMO (Maybe) / It Would Help / Promotions at Subservicing Specialist BSI

August 24, 2020
Paul Muolo and Dennis Hollier

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

 


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Short Takes: LLPA Relief on the Way? / The White House is Aware / But Profit Margins are Strong… / With a Little Help from Their Friends / A Promotion at MGIC

August 19, 2020
Paul Muolo

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)


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Short Takes: New Rez Settles Non-QM Case / Still Humming Along: Priority / Waiting on Warehouse / Behind the Scenes: PIMCO / CoreVest Loses a VP

August 12, 2020
Paul Muolo

Pulling the strings behind the non-QM curtain: A giant named PIMCO...


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Top-Ranked Lender Vows to Keep Employees at Home Until Pandemic is ‘Under Control’

August 7, 2020
Maria Volkova

The Caliber CEO recommends patience in reopening offices, saying opting to wait has kept his employees safe from the surge of COVID-19 cases in Texas...


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Looks as Though Everyone in the Mortgage Industry is Hiring

August 7, 2020
Paul Muolo
The biggest complaint from mortgage executives the past few months: A lack of loan processors and operations workers available for hire.
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Democratic Lawmakers Grill Kraninger Over Pandemic Response

July 31, 2020
Yemeng Yang

Democratic lawmakers called on CFPB Director Kathy Kraninger to resign.


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Senate Confirms Trump Nominee Dana Wade as FHA Commissioner

July 29, 2020
Maria Volkova

Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

Higher mortgage rates in six months? No one sees it...


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Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some

July 24, 2020
Paul Muolo

One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house...


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AIME Chief Steps Down as Sponsors Flee Broker Trade Group

July 17, 2020
Paul Muolo

One CEO, whose company continues to sponsor AIME, said he found Casa’s behavior offense but told Inside Mortgage Finance his company will continue to support the organization. “I think that eventually Anthony will be back,” he said in an interview Friday morning, “but I hope he takes this time to reevaluate and improve himself.”


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