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Fannie Resolves Undisclosed Deficiencies in Business Resilience

April 5, 2024
Dennis Hollier
Cloud computing may have played a key role in helping Fannie overcome deficiencies related to its ability to continue operations in the wake of a disaster or other business interruption.
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Freddie Exec Discusses Successes and Challenges

April 5, 2024
Dennis Hollier
Freddie’s head of single-family acquisitions said programs, such as DPA One, BorrowSmart and HeritageOne, have helped the GSE lower closing costs and expand access to mortgage credit.
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Chew to Head FHFA’s Office of Minority and Women Inclusion

April 5, 2024
Dennis Hollier
Veteran EEO and DEI executive to wear two hats at FHFA.
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Housing Supply, Affordability Issues Expected to Persist

April 5, 2024
Monica Hogan
Mark Jones, chair of the Mortgage Bankers Association, expects home sales to remain suppressed due to limited supply and elevated interest rates.
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Better Shifts to Commission Model for LO Compensation

April 5, 2024
Brandon Ivey
Better saw improvements in its pull-through rates in a pilot program in which the lender paid its LOs commissions. The lender found that its no-commission model didn’t work well for purchase mortgages.
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Lender, Real Estate Agency Mergers Show Mixed Results

April 5, 2024
James Dohnert
A new research paper finds that mergers between real estate agencies and lenders can help boost origination market share but can also cost borrowers more in the long run.
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FDIC Working to Boost Mortgage Lending by Banks

April 5, 2024
Brandon Ivey
The FDIC’s updated economic inclusion strategic plan includes a goal to increase mortgage lending by banks. The plan leans heavily on education and outreach, though CRA credit could also be an option.
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UWM Loses Bid to Move Employment Dispute to Arbitration

April 5, 2024
James Dohnert
A Michigan appeals court judge affirmed that UWM’s move to compel arbitration in a dispute with a former employee was seven months too late.
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Grapevine: Lenders Meeting Borrower Expectations; Rates Too High

April 5, 2024
Brandon Ivey
The mortgage process met or exceeded the expectations of many homebuyers; interest rates look to be too high for potential homebuyers; the defect rate on mortgages declined again; tech vendor raises $19 million; Altisource Asset Management exits mortgage market.
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Robust ABS Issuance Offsets Sluggish MBS Production

April 4, 2024
John Bancroft
The agency single-family MBS market is the main driver of structured finance issuance, but it recorded a decline in first-quarter production while ABS, commercial MBS and non-agency RMBS posted gains. (Includes three data tables.)
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