Mortgage Brokers Push for Removal of Cash-Out Fee December 2, 2022 Dennis Hollier Mortgage brokers argue homeowners shouldn't have to pay fees to fund governmental policy initiatives.Read More
District Court Tosses Collins v. Yellen (For Good?) December 2, 2022 Dennis Hollier A district court judge in Houston said the plaintiffs weren’t able to prove that they were harmed because President Trump was prevented from removing FHFA Director Mel Watt from office for two years.Read More
GSEs Set Stage for New Conforming Loan Limits December 2, 2022 Dennis Hollier As of Jan. 1, Fannie Mae and Freddie Mac will for the first time be able to purchase one-unit single-family loans worth more than $1 million.Read More
Fannie Releases Cohort-Level Social Data December 2, 2022 Dennis Hollier A new Fannie chartbook provides detailed cohort-level data on the socially oriented lending backed by the enterprise.Read More
Fannie Releases a Loan Defect Taxonomy for 2022 December 2, 2022 Dennis Hollier A table comprised of 13 categories and dozens of subcategories itemizes all the ways a mortgage loan can go bad.Read More
Fannie Wraps Up CRT for the Year December 2, 2022 Dennis Hollier Fannie’s last CIRT transaction of 2022 covers $343 million in credit risk on $10.1 billion in single-family loans.Read More
Who Bought Angel Oak's Non-QM Loans? An Investor Based in Atlanta... December 2, 2022 Paul Muolo The loans sold for 83 cents on the dollar. Par is 100...Read More
REITs Report Small Gain in Residential MBS in 3Q December 2, 2022 John Bancroft Annaly remained the top REIT MBS holder with $81.88 billion at Sept. 30...Read More
Subservicing a Solid Option. However... December 2, 2022 John Bancroft “Now delinquencies are low,” said one executive, “but we think that in about two years it will be different.”Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More