Few Major Lenders Managed to Increase Production in 2023 April 25, 2024 Brandon Ivey Originations dropped to varying degrees during the year at all of the top 10 lenders.Read More
Annaly Returns to Profitability in First Quarter April 25, 2024 Brandon Ivey The REIT bounced back after losses in the previous two quarters.Read More
Short Takes: High Inflation Reading / Home Prices Down in Some Cities / AmWest Partners With Ares / Carrington Adds ITIN Product April 25, 2024 Brandon Ivey “There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.Read More
Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
FTC to Ban Noncompete Agreements April 24, 2024 James Dohnert Examples from various industries, including the mortgage market, helped to push the FTC to issue the final rule.Read More
Mr. Cooper Increases Income, Servicing, Originations in 1Q April 24, 2024 Brandon Ivey Rising interest rates helped to lift the value of the nonbank's MSRs.Read More
HUD Sanctions 88 FHA Lenders in FY2023 April 24, 2024 Monica Hogan The civil monetary penalties resulting from the administrative actions were roughly $26.4 million.Read More
Short Takes: Applications Down Slightly / Sales of New Homes Increase / New CEO at Figure Technology Solutions / Lender to Offer Services in Spanish April 24, 2024 Brandon Ivey Applications declined somewhat as interest rates increased.Read More
Nonbanks Gain More Share of GSE Servicing in First Quarter April 23, 2024 Brandon Ivey Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.Read More
HUD Sets New Flood-Related Requirements April 23, 2024 Brandon Ivey The Mortgage Bankers Association raised concerns about the new requirements.Read More