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PennyMac Ramps Up Jumbo Lending, Plans MBS

December 6, 2024
James Dohnert
PennyMac looks to re-enter the jumbo MBS market after last issuing a deal in 2013.
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Annaly Eyes Non-Agency Correspondent Growth

December 6, 2024
James Dohnert
Annaly believes its Onslow Bay unit can continue to grow following a record October for loan locks.
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Michigan’s Dart Bank Bullish on Jumbo Wholesale Lending

December 6, 2024
James Dohnert
Dart Bank’s wholesale division launched a new jumbo product.
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Distillery Brews Non-QMs to Help Boost Profits

December 6, 2024
James Dohnert
An Oregon-based distillery infused a mortgage business into its line of companies in a bid to diversify its profits.
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Investor Home Purchases Returning to Pre-Pandemic Levels

December 6, 2024
James Dohnert
Investors are having to get more creative to turn a profit, according to a new report from Redfin.
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Lenders See Shifting Appetite for Investor Loans

December 6, 2024
James Dohnert
Changing market dynamics have impacted the types of investor loans offered by banks and nonbanks.
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News Briefs

December 6, 2024
James Dohnert
Conforming loan limits increasing by 5.2% in 2025; A&D Mortgage using AI to help brokers understand non-QM guidelines; Splitero expands, inks agreement with investment firm.
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Mortgage Industry Supports Trump’s Pick to Lead HUD

December 6, 2024
Monica Hogan
Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.
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FHA Proposes Updates to Loss-Mitigation Waterfall

December 6, 2024
Monica Hogan
The draft standards differ based on whether borrowers can resume their original mortgage payments or need payment relief. Comments on the proposal are due Dec. 23.
Read More

FHA Issues Guidance on Engagement With Borrowers in Default

December 6, 2024
Monica Hogan
The new requirements go into effect Jan. 1. However, FHA has provided servicers alternative interim procedures through June 30.
Read More
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