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Former Freddie CEO Says Pandemic Mortgage Rates Were Too High

May 5, 2022
Dennis Hollier
While the Federal Reserve intervened in the mortgage market to lower rates, lenders did not pass along all the savings to homebuyers, the former Freddie chief said.
Read More

Delinquencies Could Rise After Historic Low in March

May 5, 2022
Monica Hogan
Some industry watchers caution that looming volatility from a potential economic slowdown could lead to an uptick in delinquencies and foreclosures.
Read More

NYCB and Flagstar Extend Merger Agreement

May 5, 2022
Sam Manas
New York Community Bank and Flagstar Bank are now pursuing their proposed merger under a national charter and have until Oct. 31 to close the deal.
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A Pay Package of Almost $31 Million for loanDepot Chief Hsieh

May 5, 2022
Paul Muolo
The compensation package could raise eyebrows given that loanDepot’s share price fell to $2.83 Thursday morning.
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ICE Agrees to Purchase Black Knight for $13.1 Billion

May 5, 2022
Monica Hogan
The sale is expected to close in early 2023.
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Two Lenders (REITs Both) Find Safe Harbor in the Earnings Storm

May 5, 2022
Brandon Ivey
NRZ's Michael Nierenberg didn't whitewash it: “We are in a horrible market for mortgage originations.”
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Another Fannie Mae Executive Departs: Jenney Shen, VP of Single-Family

May 4, 2022
Paul Muolo
At Fannie, Shen was responsible for relationships with the mortgage giant’s 1,500 seller/servicers.
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Jumbo Denial Rates Fell to 11% Last Year

May 4, 2022
Brandon Ivey
Wells Fargo received the highest number of applications for jumbos and had an overall jumbo denial rate of 14.3%.
Read More

Ginnie Seeks Common Ground with FHFA on Capital Requirements

May 4, 2022
Monica Hogan
The Ginnie chief said alignment "simplifies" issuers’ capital and liquidity planning...
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Mortgage-Investing REIT MFA Takes $83M Loss in 1Q as Collateral Value Drops

May 4, 2022
Brandon Ivey
MFA was holding whole loans with an average unpaid principal balance of $8.3 billion at the end of March.
Read More
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