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Purchase Mortgage Lending Activity Heads South in May

June 16, 2022
Brandon Ivey
Rate locks for purchase mortgages declined from April to May. Numerous factors are depressing demand for the loans: higher interest rates, accelerating home prices and inflation.
Read More

Private Equity Finds Gold in MSR Investments

June 16, 2022
Paul Muolo
PE shops have quietly entered the MSR arena as owners, reaping strong gains. How long they might stick around depends on the direction of interest rates.
Read More

GSE Pilots Resurface with Equitable Housing Finance Plans

June 16, 2022
Dennis Hollier
Both Fannie Mae and Freddie Mac plan to base much of their equitable housing finance efforts on existing pilot programs.
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CHLA Seeks Antitrust Review of ICE-Black Knight Merger

June 16, 2022
Sam Manas
The Community Home Lenders Association has raised concerns that an entity with dominant market position could engage in anti-competitive behavior.
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Foreclosure Situation Getting Back to ‘Normal’ Levels

June 16, 2022
Monica Hogan
Foreclosure filings last month nearly tripled from a year ago, according to Attom. However, the analytics firm said foreclosure activity is getting back to normal after two years of government intervention that led to historically low levels of default.
Read More

Grapevine: Better.com’s Future? / Mortgage Layoffs Accelerate

June 16, 2022
Paul Muolo
Does mortgage fintech Better.com have a future not tied to a SPAC? A sale perhaps? Meanwhile, more lenders are pulling the reduction-in-force lever.
Read More

A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’

June 15, 2022
Paul Muolo
Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...
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Lenders Defend Offering DSCR Loans with Negative Cash Flow

June 15, 2022
Brandon Ivey
Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...
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More MSR Deals Hit the Auction Circuit

June 15, 2022
Paul Muolo
As a way to raise cash, more lenders are contemplating servicing sales...
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Lenders, for the Most Part, Like FHA 40-Year Loan-Mod Proposal

June 15, 2022
Monica Hogan
NAR noted that 9.58% of FHA borrowers “were in some stage of delinquency” during the first quarter.
Read More
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