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Policy Changes, New Programs Could Help Close Homeownership Gap

November 17, 2022
Monica Hogan
Homeownership programs could take a lesson from scholarship models in the education field: Intentional first-generation assistance programs could add five million net new homeowners.
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Grapevine: Time to Worry About MSRs and Capital?

November 17, 2022
Paul Muolo
No secret here: Nonbank mortgage companies are living off their mortgage servicing rights during the industry’s sizable downturn. How much longer can it last? Hard to say, but Fitch has some concerns.
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Fitch Worries About Servicing and Nonbank Capital

November 16, 2022
Paul Muolo
Last month, Fitch issued peer reviews on six shops...
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UWM Extends Rate Buydowns, Offering Temporary Discounts of Up to 300 BPs

November 16, 2022
Paul Muolo
There are different variations on the rate discount...
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Private Mortgage Insurers Plan for Ongoing Economic Volatility

November 16, 2022
Monica Hogan
Enact made selective price increases in the third quarter, a practice that continued into the next month...
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Foreign Nations Still Have an Appetite for Agency Securities

November 16, 2022
Monica Hogan
This fall, Ginnie President Alanna McCargo restarted visits to foreign investors...
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Short Takes: Some Turbulence for Rocket / About Those Dividends… / UWM’s Streak Will Continue / New Applications / LD Cancels JVB Line

November 16, 2022
Paul Muolo
UWM's CEO said he will keep paying a dividend on the common...
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Prime RMBS Market Flops in 3Q22: Just Five Deals Issued

November 15, 2022
John Bancroft
Ugly fact: There were only five deals from four different issuers...
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A Loss for Better.com’s Merger Partner, ‘Going Concern’ Issue Raised

November 15, 2022
Paul Muolo
Better’s founder and CEO Vishal Garg isn’t mentioned in the 10-Q except for some references in the footnotes.
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Velocity Shifting to Defensive Posture; Records Strong 3Q

November 15, 2022
Namrata Bhatia
Velocity, like other non-agency originators, is starting to tighten underwriting standards...
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