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Author Archives: Aly J. Yale

Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more.

A Mortgage Best Fit

Editor's note: This story was originally featured in the February issue of MReport, out now. There’s no doubt the 30-year fixed-rate mortgage is the American housing market’s most ...

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Opportunity Knocks

As homeownership rates dwindle and the single-family rental market continues to grow, what options exist for traditional mortgage lenders and servicers? And what does the future look like as renting becomes more and more common?

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Honoring Housing’s Top Females

Nominations are now open for MReport’s Women of Impact list, which features influential female leaders in the housing and mortgage industry. The honorees will be recognized in the magazine’s special Women in Housing issue in September.

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Wells Fargo Brings Back Private-label Bonds

According to an executive at Wells Fargo, the bank will begin issuing private-label bonds—the first time it's done so since 2008. Backed by non-government guaranteed mortgage loans, these bonds offer lower risk to banks and, therefore, lower interest rates for borrowers. JPMorgan and Redwood Trust have also begun issuing these types of bond as of late.

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Buffett Weighs in on Wells Fargo Scandal

Warren Buffett weighed in on the recent Wells Fargo scandal, which saw its sales reps create fake accounts in order to meet quotas, at a recent Q&A with Berkshire Hathaway shareholders. According to the billionaire, the bank incentivized the "wrong kind of behavior," and CEO John Stumpf should've acted sooner. Buffett also covered the firm's recent earnings report and expected corporate tax cuts.

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Ocwen Moves to Expedite CFPB Ruling

Ocwen has filed three motions against the CFPB in hopes of speeding up a Circuit Court of Appeals decision on the Bureau's constitutionality. The motions arrive on the back of a recent suit filed by the CFPB against Ocwen on April 21. The suit alleged Ocwen committed errors throughout the servicing process and improperly foreclosed on at least 1,000 homeowners.

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Proposal Details Possible GSE Reform Plan

A key industry organization has released a white paper outlining a GSE reform plan. The paper details how the reform should occur, how to handle the transition, and the secondary market’s role in it all. The organization hopes to work with legislators on creating a bipartisan reform plan.

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The Environmental Costs of a Mortgage

According to new data, the mortgage industry costs the world 264,000 trees every year, thanks to its largely paper-driven processes. When the number of applications that don’t result in closings is considered, that number could even be conservative. The industry also consumes significant amounts of water, energy, and wood and results in greenhouse gas emissions.

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Greenspan Supports Dodd-Frank Rollback

Former Fed Chairman Alan Greenspan came out against the Dodd-Frank Act today on CNBC’s “Squawk on the Street” business show. The post-crisis regulations, he said, have caused a “surge in stock prices,” and getting rid of them would “have a very significant positive impact on the economy.” President Trump called for a review of Dodd-Frank back in February.

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BNY Mellon, S&T Share Q1 Earnings

BNY Mellon and S&T Bancorp both released their Q1 earnings reports on Thursday. Together, they represent a mixed bag of insights—particularly for the mortgage industry. While BNY Mellon’s residential mortgage earnings were down, S&T’s were up—both over the quarter and the year.

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