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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...


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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.


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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…


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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.


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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...


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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...


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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...


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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.


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Up for Grabs: Mortgage Vendors. A Bullish Sign?

August 27, 2020
Paul Muolo

Mining for gold in the hills of the mortgage vendor community? Hey, isn't that Bill Foley?


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Chase's Jumbo Aggregator Assessment Downgraded by Moody's

August 24, 2020
Brandon Ivey

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.


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