Blog

Move From LIBOR Further Complicates Warehouse Funding Decisions

Key Ideas:   Libor used to dominate warehouse line Agreements Warehouse line agreements now are referencing a wide array of interest rates Diverse sets of reference rates provide optionality to the originator Innovative decision engine simplifies complex funding decisions Mortgage lenders spent the last two years transitioning away from Libor. All new mortgage-backed securities issued by Fannie …

Move From LIBOR Further Complicates Warehouse Funding Decisions Read More »

Cyberthreats Continue to Impact Mortgage Banking

Cybersecurity in the Financial Services and Mortgage Banking industry in 2022 has started off with a bang. We’re facing an unprecedented time of market contraction, a complex threat landscape, increasing compliance requirements, and a demand for more cybersecurity resources. After getting through the pandemic and an unprecedented volume of demand for loans, many leaders in …

Cyberthreats Continue to Impact Mortgage Banking Read More »

Is It Time to Sell My MSR? Factors to Consider When Analyzing a Potential Sale

Many mortgage companies are facing the decision of whether to keep or sell their mortgage servicing rights (MSR) that have built up since the start of the Covid-19 pandemic. The impact on your liquidity, financial statements, and income taxes are major factors to consider. As interest rates continue to increase and production falls off from …

Is It Time to Sell My MSR? Factors to Consider When Analyzing a Potential Sale Read More »

Unforgivable: The Strange Saga of the SBA’s Ever-Changing Approach to PPP Loan Forgiveness for Mortgage Lenders

It’s hard to believe but we are approaching the 2-year mark since the CARES act launched the Paycheck Protection Program as a means to address the threat of economic harm to small businesses and their employees resulting from the COVID-19 pandemic. I can’t help but point out the irony of a program that was meant …

Unforgivable: The Strange Saga of the SBA’s Ever-Changing Approach to PPP Loan Forgiveness for Mortgage Lenders Read More »

Important Changes to HUD Net Worth Requirements and Proposed Changes to GNMA Capital and Liquidity Requirements

As Carl kindly put it when we proposed this topic, he plans to watch paint dry instead of reading this in any detail! But heading into year end and audit season, lenders need to plan for this important issue. HUD Net Worth Calculations This summer, HUD’s Office of Inspector General released an updated version of …

Important Changes to HUD Net Worth Requirements and Proposed Changes to GNMA Capital and Liquidity Requirements Read More »

“The earth is flat. Our industry values unclosed loans more than closed loans.”

The earth is flat. Our industry values unclosed loans more than closed loans. One of these statements is crazy, and both can be fact-checked. Checking one requires a plane ride or ocean gazing, while the other requires a comparison of liquidity between two periods. As the buckets of ink spilt on their accounting in these …

“The earth is flat. Our industry values unclosed loans more than closed loans.” Read More »

Scroll to Top