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As Coronavirus Worsens, Calls Mount to Let the GSEs Buy MBS / Hike the Conforming Loan Limit? / Mortgage Bankers: ‘Essential’ Workers

March 21, 2020
Paul Muolo

In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?


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CFPB Staffers to Telecommute Until April 3

March 20, 2020
Yemeng Yang

The maneuvers have raised questions about the CFPB’s ongoing rulemaking, supervision and enforcement activities…


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California Mortgage Employees Start Working at Home as Coronavirus Outbreak Worsens. ‘Shelter in Place’ Order In Effect

March 20, 2020
Paul Muolo

Consultant Paul Hindman, who heads Grid Financial, said he knows of one lender who recently sent 1,000 workers home “with new equipment.” He did not identify the shop by name.


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Mortgage Call Center Workers Move to Their Home Offices

March 19, 2020
Yemeng Yang

Freedom Mortgage said it has mobilized its work-from-home protocols and “dramatically reduced our work-from-office personnel.”


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Coronavirus Mayhem: Can LOs Work From Home?

March 12, 2020
Yemeng Yang

Most state laws require loan originators to conduct mortgage activities at a licensed location...


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Short Takes: Panic Sets In, Rumors Spread / Living at the Office / Be Nice to Your Processors and Underwriters / MBA Cancels Tech Show, Citing Coronavirus Concerns / A Word From Quicken’s Jay Farner

March 6, 2020
Paul Muolo

Mortgage loan officers should take one last look at their loved ones because if the 30-year fixed-rate vanilla mortgage falls below 3.0% they’ll be living at the office as new customers pour through the door (or Internet) like a zombie apocalypse…


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Short Takes: Biden, Fannie and Freddie / When a Socialist Gets Money to Spend / A 224% Spike in Refis / What Wells is Doing / A Big (but Expected) Promotion at Freddie

March 4, 2020
Dennis Hollier and Paul Muolo

Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."


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A New Ginnie Mae President? Don’t Hold Your Breath

March 2, 2020
George Brooks

For nearly all of President Trump’s term, Ginnie Mae has been operating without a president, carrying on its daily business with surrogates.


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CFPB’s Second in Command Departing for the Private Sector

February 25, 2020
Yemeng Yang

Johnson joined the bureau in December 2017 as one of the top political appointees under then-acting CFPB Director Mick Mulvaney. 


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Short Takes: A Question for Potential GSE Investors: Revenue Growth? / Charter Creep? / Calabria Set to Speak at NABE / Falling Rates (Again) / A Promotion at Radian

February 21, 2020
Paul Muolo
Are Fannie and Freddie stuck in a zero-sum game? Investors will want to know...
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