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ICE Touts Benefits of Black Knight Acquisition

September 29, 2023
James Dohnert
Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.
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Guaranteed Rate Touts 24/7 Service From LOs

September 21, 2023
Brandon Ivey
Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.
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Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA

September 14, 2023
Brandon Ivey
Chase originated all of the mortgages in its latest jumbo MBS.
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Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded

September 12, 2023
Brandon Ivey and Paul Muolo
Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...
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Wide Range in eClosing Adoption Among Lenders

September 6, 2023
James Dohnert
Some of SnapDocs’ clients have embraced eClosings for 70% to 80% of their loans, while others have been slower on the uptake.
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Liability for AVMs Should Lie With Others, Lenders Argue

September 5, 2023
Dennis Hollier
Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
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Blend’s CEO Granted New Compensation Package

August 29, 2023
Paul Muolo
Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.
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Trade Groups Seek Less Stringent Opt-Out Requirements From FCC

August 25, 2023
Sam Manas
The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.
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Waters Seeks Concessions for FTC Approval of ICE/Black Knight Merger

August 23, 2023
Brandon Ivey
Waters called for various community benefits to be included in FTC approval of the merger, along with antitrust provisions and cooperation between the FTC and Financial Stability Oversight Council on oversight of the combined ICE entity.
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Short Takes: Few Loans in Forbearance / AI Chatbots in Servicing / S&P Downgrades 5 Regional Banks

August 22, 2023
Brandon Ivey
Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.
Read More
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