Second-Ranked FHA Lender Quicken Contemplates IPO June 12, 2020 Paul Muolo Quicken Loans, the largest home lender in the nation, has yet to publicly file an S-1 statement with the SEC.Read More
Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
NewDay Lowers FICO Minimums to 680 June 12, 2020 Maria Volkova The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.Read More
Private MI Firms Essent, NMI on a Capital-Raising Spree June 12, 2020 Maria Volkova and Paul Muolo FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.Read More
Impac Returns with a Renewed Focus on FHA, More June 12, 2020 Paul Muolo The struggling lender has kick-started its operation, including a menu of FHA loans. Read More
New Digital Lender Plans to Offer FHA/VA Loans June 12, 2020 Maria Volkova Beeline plans to offer FHA loans by 3Q and VA loans next year.Read More
Top-Ranked FHA Lender Posts Stunning Gain-On-Sale May 29, 2020 Paul Muolo Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper. Read More
Seniors Move to Tap Equity as Pandemic Spreads May 29, 2020 Yemeng Yang Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.Read More
Top FHA/VA Lender Won't be Buying RoundPoint May 15, 2020 Paul Muolo Freedom Mortgage's purchase of a competitor has hit the skids. The top-ranked FHA/VA firm announced the deal a year ago. Read More
Agencies Launch Website With COVID-19 Guidance May 15, 2020 Maria Volkova HUD, the CFPB and the FHFA launched a joint website to provide COVID-19-related information to borrowers. Read More
RSS