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.” Read More
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. Read More
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.Read More
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…Read More
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... Read More
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…Read More
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…Read More
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…Read More
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.Read More
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. Read More