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Heavy Refi Activity Drives CLO Issuance to New High

January 28, 2022
John Bancroft
Since the beginning of 2021, low interest rates fed a gusher of refinance and restructuring activity that totaled $230.29 billion...
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Mortgage Company Debt Below Par. A Warning Sign?

January 28, 2022
The reason is simple: Higher interest rates have altered the competitive landscape...
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As Rates Rise, UWM’s Share Price Comes Under Pressure

January 28, 2022
Paul Muolo
The Pontiac, MI-based company is now offering what it calls "free" appraisals...
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Fifth Circuit Takes Another Look at Collins Case

January 28, 2022
Dennis Hollier
Questions raised by the appeals court judges suggest they believe the case should go back to a trial court to weigh the credibility of the evidence.
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Federal Reserve Preps for Balance Sheet Reduction

January 28, 2022
Dennis Hollier
The central bank outlined plans to reduce the size of its balance sheet. It’s still unclear what impact it will have on the mortgage and MBS markets.
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SEC Approves Rule Change for Covered Agency Transactions

January 28, 2022
Dennis Hollier
FINRA will implement margin requirements for trading of wide swaths of GSE MBS, including TBA transactions, specified pools transactions and collateralized mortgage obligations.
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Nonprofit Coalition Offers Blueprint to Improve DTS Plans

January 28, 2022
Dennis Hollier
The Underserved Mortgage Markets Coalition has put together a list of actions the GSEs can take to meet their obligations under FHFA’s duty-to-serve program.
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Some Lenders Push Back on FHFA’s LLPA Increases

January 28, 2022
Dennis Hollier
The Community Home Lenders Association believe the sharp increase in fees for second-home mortgages will impact middle-income families.
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Fannie Says DU Will Include Desktop Appraisals by Mid-March

January 28, 2022
Dennis Hollier
At the direction of FHFA, the GSEs are permanently integrating desktop appraisals into their automated underwriting systems.
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A Good Origination Year for Better.com. However…

January 28, 2022
Paul Muolo
As a technical matter, Better.com’s SPAC maneuver is still alive. But with the refinance business waning and gain on sales slipping, the company’s future looks cloudy, at best.
Read More
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