Short Takes: SCOTUS Upholds Robocall Ban / Zillow Resumes Homebuying in More Markets / Foreclosure Threat Grows / Consumer Financial Protection Week July 7, 2020 Yemeng Yang The Supreme Court upheld a law banning cellphone robocalls, striking down a debt-related exception created by Congress in 2015... Read More
Pandemic Reaction: MBA Moves Annual Convention Online June 24, 2020 Yemeng Yang MBA hopes to return to large in-person conferences next year.Read More
Will a Quicken IPO be a Game Changer for Nonbanks? June 19, 2020 Paul Muolo After Quicken, who's next on the IPO dream list? Caliber? loanDepot? Read More
Black Knight Elects Former OCC Chief Otting to its Board June 8, 2020 Paul Muolo Otting's appointment is effective July 1. He has not yet been named to serve on any board-centric committees, which carry extra pay. Read More
Short Takes: Waiting on FHA’s Forbearance Policy / Getting It Right / Refi Applications Drop / Purchase Apps Spike in New York / Exec Leaves MUFG for Greystone May 27, 2020 Paul Muolo Fun fact: Refi applications are up 176% from last year.Read More
Ginnie Unveils New Version of PTAP to Assist Servicers Facing Liquidity Woes. Note: The Same Borrowing Rate for All April 10, 2020 Paul Muolo One of the goals: to assist nonbanks so they are not declared in technical default, an event that would trigger financing covenants they have with their warehouse lenders.Read More
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.” Read More
Mortgage-Related Conferences Canceled Due to Coronavirus Concerns March 6, 2020 Yemeng Yang Two mortgage-related conferences scheduled in March were canceled due to concerns over coronavirus spread. Read More
GSEs Seek Applications for New Credit Score Models (Bring Cash) March 2, 2020 Dennis Hollier Would-be competitors for Fair, Isaac and Company, which owns the FICO models, are going to have to shell out a $200,000 application fee.Read More
Nonbanks Grab the Mantle on Social Media, Banks Not So Much February 19, 2020 Yemeng Yang Most megabanks are mum on their social media policy as it pertains to residential loan officers…Read More