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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.”


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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. 


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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.


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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…


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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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New FICO Model a Big Ho-Hum?

January 30, 2020
Dennis Hollier

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…


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Short Takes: Framing the GSE Debate / 55 in 12 / Craig Phillips’ New Job / Flagstar’s Broker Partners / Mortgage Tech Vendor Gets New COO

January 28, 2020
Paul Muolo

To date, Odeon has published 55 comments on the GSEs in the past 12 months…


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Radian Sells Due Diligence Unit Clayton – At a Loss

January 22, 2020
Paul Muolo

Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.


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HUD Criticized for Handling of Personal Records

January 17, 2020
Brandon Ivey

The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report.


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