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PMIs Post Strong Earnings but NIW Declines in 1Q21

May 12, 2021
John Bancroft

Private MIs reported a 19.6% drop in purchase-mortgage business during the first quarter, which still accounted for 64.8% of their new insurance written for the period.


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Politics Behind Delay of QM Standards?

May 12, 2021
Brandon Ivey

At issue: the new QM standards were drafted when the CFPB was under the leadership of Republican Kathleen Kraninger, who was appointed during the Trump administration.


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GSE MSRs Slated for Sale by Prestwick and MCT

May 12, 2021
Paul Muolo

The seller of the MSRs is an independent mortgage banker... 


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Guaranteed Rate Leads Jumbo Correspondent Sellers in 2020 (By Far)

May 12, 2021
Brandon Ivey

The main buyers of jumbos? Answer: commercial banks, accounting for 54.6% of purchases from unaffiliated sellers...


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PennyMac Taps Structured Finance Vehicle to Lever MSRs

May 12, 2021

As one company official explained, “This gets us off the bank balance sheet.”


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Senators Ask the CFPB to Rethink QM Rule Delay

May 11, 2021
Lisa Burden

Sens. Warner and Scott: "We urge the bureau to allow the final rule to proceed as intended and commit to a longer-term approach..."


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April Rebound in Purchase Lending Boosts FHA Share

May 11, 2021
John Bancroft

The FHA program remains a go-to choice for first-time homebuyers...


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UWM Reports Origination, Earnings Decline for 1Q; Says It Can Be No. 1

May 10, 2021
Paul Muolo

Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...


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FHFA: What To Do About Short-Term Rentals?

May 10, 2021
Dennis Hollier

The RFI appears to be in response to long-standing complaints about how the GSEs deal with properties that earn an income by providing transient housing...


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Short Takes: A New 52-Week Low for UWM / The Competition Picture? / The Ten-Year / Non-Agency Forbearance? / Embrace Gets a New President

May 10, 2021
Paul Muolo and Brandon Ivey

When it comes to mortgage profits, it's not always a case of where you've been, but what lies ahead...


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