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Wholesalers Hike the Conforming Loan Limit Ahead of the Official Announcement

October 1, 2021
Paul Muolo and John Bancroft
Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…
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It's Official: Senate Confirms Chopra as CFPB Director

October 1, 2021
Brandon Ivey
Chopra’s installation at the CFPB is expected to jumpstart rulemaking and enforcement efforts by the regulator. At his confirmation hearing in March, Chopra said his priorities include scrutiny of how mortgage servicers work with distressed borrowers.
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A Safe Bet: FHA Will Cut Premiums in Early 2022?

September 30, 2021
Monica Hogan
Former FHA Commissioner Dave Stevens also expects the November MMIF report to be “relatively" good news...
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GAO Deems FHA Catalyst Oversight Unreliable

September 30, 2021
Monica Hogan
The government watchdog said gaps exist in HUD’s established processes to oversee the IT initiative.
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More COVID Tools: FHA Seeks Feedback on 40-Year Loan Modification

September 28, 2021
Monica Hogan
Fannie Mae and Freddie Mac already offer 40-year loan modification terms.
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Mortgage Bankers Want More Details on Employee Vaccination Mandates

September 27, 2021
Monica Hogan
The nation’s sixth-ranked lender, loanDepot, doesn’t have a corporate back-to-the-office mandate yet...
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In Wake of Messy Lawsuit, loanDepot’s Shares Drift Lower

September 24, 2021
Paul Muolo
The plaintiff is former COO Tamara Richards, who was making at least $800,000 a year at loanDepot. She has a blue chip resume that includes stints at Bank of America (10 years), Caliber Home Loans and other shops.
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Fannie Returns to the CRT Fold

September 23, 2021
Dennis Hollier
FHFA's proposal, last week, to improve the capital treatment of CRT has already reaped dividends.
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What Happens to FHFA's Contract With Houlihan?

September 23, 2021
Paul Muolo
If the Democrats' return to power spells the end of recap and release, does FHFA still need an advisor to explain how to do it?
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Short Takes: Fed Sheds No Light on Taper / Freddie Clarifies Policy on Group Homes / Rams Mortgage Capital Selling Ginnie EBO Mortgages

September 23, 2021
Dennis Hollier
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