Short Takes: Is Help on the Way? (Lending Margins) / Some Evidence / Expectations of Wells / Staff Reductions, Finding Positions / Lower FHA Premiums? July 11, 2022 Paul Muolo Wells Fargo said roughly 35% of the mortgage workers it cut are "moving into other roles" within the bank...Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Short Takes: A Cut In FHA Premiums? (Again) / The Power of the President / Stocks Ugly, Bonds Pretty / M&A Roundup / Notable New Hires July 5, 2022 Paul Muolo A matter of when on FHA premiums?Read More
Correspondents Gain Share in FHA/VA Market July 1, 2022 Monica Hogan Total FHA/VA lending by the group shrank 21.8% to $78.03 billion.Read More
One MIP Reduction That Gets a Thumbs Up: Green June 30, 2022 Monica Hogan There's been rampant speculation FHA will cut single-family MI premiums soon, possibly right before the mid-term election...Read More
On a Tear in 1Q22: HECM Production June 28, 2022 Monica Hogan The top three reverse lenders in 1Q22: American Advisors Group, Mutual of Omaha Mortgage and Reverse Mortgage Funding...Read More
Ginnie Chief Worries About the Health of Home Lenders June 27, 2022 Monica Hogan McCargo's biggest worry: the state of the mortgage lending ecosystem...Read More
Lenders, for the Most Part, Like FHA 40-Year Loan-Mod Proposal June 15, 2022 Monica Hogan NAR noted that 9.58% of FHA borrowers “were in some stage of delinquency” during the first quarter.Read More
Ginnie Purchase Issuance Up in May June 13, 2022 Monica Hogan Overall FHA issuance volume increased 3.0% in May to nearly $24 billion...Read More
Ouch: A 41% Drop in Conforming Jumbos June 9, 2022 John Bancroft The conforming-jumbo share of agency business fell from 7.5% in December to 6.7% in January as the new loan limits took effect...Read More
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