Short Takes: ARM Applications Jump / CFPB Targets Fees at Big Banks / Cenlar Makes QC Hire October 11, 2023 Brandon Ivey Applications for ARMs increased by 15% on a weekly basis.Read More
As Rates Continue to Rise, Mortgage Jobs Ebb October 9, 2023 Paul Muolo Unless mortgage rates begin declining, lenders and brokers alike will shed additional jobs...Read More
Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus October 5, 2023 Brandon Ivey Rate locks were down across mortgage products in September, including a large drop in cash-out refis.Read More
Short Takes: Higher Loan Limits Anticipated / Slowdown Possible / CFO Leaves FoA / Redfin Leaves NAR October 3, 2023 Brandon Ivey and Paul Muolo Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.Read More
Better Execs to Collect $17 Million in Bonuses Tied to Going Public October 2, 2023 Brandon Ivey Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”Read More
Short Takes: Home Prices Tick Up / Big Gains in Florida / Empathy Versus Cost Cutting / Private Equity Firm Buys NPLs From Freddie September 26, 2023 Brandon Ivey Home prices increased by 0.8% on a monthly basis in July.Read More
CFPB Settles Employee Discrimination Lawsuit September 21, 2023 Sam Manas The class members are 85 Black and Hispanic employees who between February 2011 and April 2022 worked in the CFPB’s Office of Consumer Response in non-supervisory positions.Read More
Sign of the Times? From Non-QM CEO to Loan Broker September 18, 2023 Sam Manas So far this year, Strauss has brokered more than 20 mortgages...Read More
Freddie CEO Michael DeVito to Retire September 8, 2023 Dennis Hollier Michael Devito's departure means Freddie will be conducting its third CEO search in four years.Read More
Mortgage Bankers Continue to Trim, Brokers Add Jobs September 5, 2023 Paul Muolo The Federal Reserve will announce its next decision on interest rates on Sept. 20.Read More
RSS