The shocks that hit the credit markets in mid-March had already caused disruptions to the non-QM segment – these were however compounded when the last two of the large investors Angel Oak and Citadel also bowed out. Many lenders not only stopped new loans, but also had to pull loans from the pipeline.  However, not […]

Efforts are being made to increase homeownership among African American families by an organization called the UHOUSI Initiative, a group led by prominent African American faith-based and civil rights leaders aiming to increase responsible homeownership. Sponsored by Chenoa Fund, UHOUSI Initiative is hosting a webinar on May 21 called COVID-19 – What to Do About […]

This week, David Matthews and David Lykken look at Glacial Technology Adoption in the Mortgage Industry. Here’s a “roadmap to their rambling conversation”, as Dave One called it (you can guess which is One and which is Two). Almost 20 years to come up with data standards to facilitate closings.  Why? State laws and regional […]

Chris Whalen doesn’t hold back when analyzing the government’s actions during this pandemic. Whalen, an investment banker and author and Chairman of Whalen Global Advisors, talked with Mortgage Media’s Eric Souza about a number of the issues facing the residential lending market. Here are some of Whalen’s comments from their conversation. You can listen to […]

Ginnie Mae’s Principal Executive Vice President Seth Appleton talked with Mortgage Media’s Eric Souza this morning, giving updates on what the agency is doing to meet its objectives while facing the challenges of the COVID-19 pandemic. Their conversation covered how Ginnie Mae pivoted its Disaster Aid Plan to fit the current crisis; the implementation of […]

A recent report authored by Rick Sharga using data from First American DataTree examined how housing has fared and recovered from past pandemics, and finds signs for optimism in recovery. Sharga, the founder of consulting firm CJ Patrick Company, talked about the report, and how housing has performed better than the overall economy. The only exception […]

With unprecedented challenges facing the housing industry, it is somewhat of a relief that the Federal Housing Administration is led by someone with experience in navigating crises. Brian Montgomery, Assistant Secretary for Housing and Federal Housing Commissioner, is no stranger to crises. He was serving in the White House and traveling with President George Bush […]

Jonas Moe, Senior Vice President of Marketing and Market Strategy at Ellie Mae and Erica Bigley, Vice President of Corporate Communications and Branding, who is also on the Crisis and Disaster Response Team, spoke with Eric Souza from Mortgage Media to discuss some of the current events happening in the world, including the cancellation of […]

Mortgage lenders are facing unprecedented questions with the outbreak of COVID-19. While the stock market is in tumult and uncertainty is roiling, mortgage rates have again fallen to historic lows. David Stevens, former US Assistant Secretary of Housing, and former CEO of the Mortgage Bankers Association, shared his advice with Mortgage Media on what lenders […]

Tom Wilkins recently sat down with Brian Madocks of eOriginal to talk about the mortgage industry’s adoption of digital transactions, weathering a potential market downturn, and the competitive landscape for his business, which recently launched ClosingCenter with the goal to Make Digital Mortgages Simple. Tom Wilkins: This is Tom Wilkins from Mortgage Media, and I’m […]