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Closing Costs Cutting into Affordability for First-Time Homebuyers

December 10, 2021
Brandon Ivey
Low-income first-time homebuyers face higher closing costs than others receiving purchase mortgages, according to economists at Fannie Mae. The GSE is suggesting changes that could fix some of that.
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Distressed Borrowers Hold on as Foreclosures Drop

December 10, 2021
Sam Manas
Foreclosures are down, but forbearance is up. Industry analysts have some theories as to why homeowners aren’t selling, but motivations remain somewhat unclear.
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Lenders Should Monitor Rising Insurance Costs, Says SitusAMC

December 10, 2021
Monica Hogan
Mortgage originators in disaster-prone areas should monitor the trends that could lead to a sustained rise in property insurance premiums, according to advisory firm SitusAMC.
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Grapevine: Automation, Algorithms a Major Focus for Industry

December 10, 2021
Brandon Ivey
Start-up mortgage lender Beeline completes Series A funding; HouseCanary publishes report defending its AVM; DC attorney general introduces legislation aimed at the use of algorithms by companies in the housing sector; LoanLogics acquires LoanBeam.
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Garg Out (for Now) as CEO of Better.com; Review Under Way

December 10, 2021
Paul Muolo
A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.
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REIT MBS Holdings Ebb in 3Q21, Annaly Extends Lead

December 10, 2021
John Bancroft
REIT investments in non-agency MBS fell 1.0% during the third quarter.
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Ginnie Mae EBOs Starting to Look a Bit Rich?

December 10, 2021
Paul Muolo
Tad Dahlke of RAMS Mortgage Capital said buyers and sellers are becoming more selective...
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How Best to Win at Lobbying? Follow the Themes...

December 10, 2021
Brandon Ivey
How best to influence policymakers? Follow the themes, but don't forget the checkbook too...
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Securitization Rate Declines as Agency Footprint Shrinks

December 9, 2021
John Bancroft
Securitization rates drifted lower in the third quarter in most segments of the mortgage market, and primary-market originations of agency-eligible loans declined. (Includes data chart.)
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Ginnie EBOs Starting to Look a Bit Rich

December 9, 2021
Paul Muolo
The “easy money” may be over in the Ginnie early buyout space. Some bidders are paying north of 102 for product.
Read More
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