A significant portion of the net revenue lenders earn on small-balance loans can be attributed to the premiums investors pay for specified pools, according to an analysis by Fannie Mae.
Equipment ABS and other types of corporate securitizations should hold up well, even in the face of an economic slowdown, according to projections by Moody’s Investors Service.
The Mortgage Bankers Association wants the CFPB to retain the complete/incomplete application framework in its upcoming rulemaking that would modernize its mortgage servicing rules.
CrossCountry Mortgage owner Ron Leonhardt wants his nonbank to be the largest lender in the land. One way to do that is to buy other shops — and it looks as though CCM has another target in its sights.
The arguments before the Seventh Circuit Court of Appeals centered on whether the CFPB has the authority to extend the Equal Credit Opportunity Act’s protections to cover prospective applicants.
Finance of America is ready to unload the last remains of its MSR portfolio. But it comes at an interesting time: Rates continue to fall, thus impacting asset prices.
Economists project a modest uptick in mortgage originations next year as interest rates are expected to continue to fall. But the decline in rates will depend on how quickly inflation comes under control.
The GSEs’ new multifamily loan acquisitions came to just $82.7 billion in the first 10 months of the year. That was down 23.8% from the first 10 months of 2022.