Amid the Pandemic, Consumer Complaints Reach an All-Time High October 27, 2020 Yemeng Yang The top three in the complaint category: Experian, Transunion and Equifax... Read More
The Clampdown: FHFA Moves to Tighten Approval Process for New GSE Products October 19, 2020 Dennis Hollier The proposed rule defines a new activity as any new business line, business practice, or service that the GSEs offer to the market. Read More
Short Takes: In Underwriters We Trust / Operations Workers, Anyone? / The GSE Question Never Came Up / Deferring Appraisals / A Promotion at Freddie September 30, 2020 Paul Muolo Another mortgage employment area badly in need of bodies is operations staff...Read More
GSE Use of eMortgages Spikes but Remains Miniscule Overall September 29, 2020 Dennis Hollier In other words, all that chatter about an end to paper document is overblown. Read More
Short Takes: In Focus: Big News for Brokers / Investing in Technology / The Rankings / The Readings / An Auction From MIAC September 25, 2020 Paul Muolo Fun fact: Among the top 10 wholesalers, not one is a depository…Read More
Truist Sells Commercial MSR Platform to SitusAMC, $34B in Rights Change Hands September 22, 2020 Paul Muolo The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.Read More
More Vendor M&A: RE/MAX and Motto Mortgage Acquire Loan Processing Firm September 17, 2020 Brandon Ivey RE/MAX said the cost is expected to have a “negligible” impact on the firm’s earnings for the third quarter...Read More
Invesco Makes a Big Bet on Rocket September 15, 2020 Paul Muolo Invesco, which is based in Atlanta, holds the shares on behalf of clients...Read More
Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company September 2, 2020 Paul Muolo Lenders are minting money these days, servicers not so much... Read More
Do the GSEs Have ‘Cloud’ Risk? IG Report Raises Questions September 2, 2020 Dennis Hollier That leaves the supervision of these cloud contractors up to Fannie and Freddie themselves. Read More