Mortgage production exploded in the second half of the year, pushing 2020 past the all-time high set back in 2003. Agency business and nonbanks saw the biggest gains. (Includes two data charts.)
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Record loan production translates into record paychecks for CEOs. Right? If there’s an IPO involved, yes, but there are exceptions. (Includes data chart.)
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Volatility in the secondary market for non-QMs receded within two months but originations are still nowhere near pre-pandemic levels. Reason: lenders focusing on agency refis.
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Suddenly, it’s a great time to sell servicing rights. But if too many offload receivables at the same time, prices could suffer. A conundrum in the making?
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The bureau’s prioritized assessments are not designed to identify violations but are intended to spot and assess risks in order to prevent consumer harm.
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The fund could be modeled after the Hardest Hit Fund, providing funds to state housing finance agencies to help borrowers bring their mortgages current.
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Democrats on the Senate Banking Committee are putting pressure on FHFA to answer whether the GSEs’ NPL sales impact homeowners’ access to foreclosure and forbearance protections under the CARES Act.
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