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Large Banks Tightening HELOC Lending

May 8, 2020
Yemeng Yang
Analysts expect there will not be a surge in home equity line of credit draws during the economic crisis sparked by the pandemic.
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Fed Loan Officer Survey Shows Standards Tightening

May 8, 2020
Maria Volkova
Mortgage lenders have tightened underwriting requirements on non-agency mortgages and HELOCs, according to a recent Federal Reserve survey.
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Zillow Predicts Purchase Market Recovery by End of 2021

May 8, 2020
Maria Volkova
Though purchase mortgages are plummeting, low interest rates and higher buyer demand will help the market stage a recovery, according to Zillow.
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Prepayments (Refis) Being Tapped for Short-Term Liquidity

May 8, 2020
Brandon Ivey

Using the "float" of payoffs to offset the advances? Why not? These are tough times...


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Mortgage Sector Bucks the Trend, Adds Jobs During Pandemic

May 8, 2020
Paul Muolo

The mortgage employment reading, while strong, trails the national numbers by one month.


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A New Money Stream for Servicers: Deferment Fees

May 7, 2020
Paul Muolo and Brandon Ivey
It’s not final yet, but servicers stand to make at least $500 per unit to handle GSE loans that need to be deferred because of COVID-19-related hardships.
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CMBS Delinquency April Jump Biggest Since 2017

May 7, 2020
Yemeng Yang
The increase, though, is relatively modest compared to expectations, as more borrowers likely became 30-day delinquent on May 1.
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FHFA Clarifies: Impac’s MSR Sale Was Not Forced

May 7, 2020
Paul Muolo
Impac Mortgage Holdings is about to unload what’s left of its MSR assets. Meaning?
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Jumbos, the Biggest Loser in the 1Q20 Originations Slump

May 7, 2020
John Bancroft

GSE and government-insured loans accounted for 86.1% of the market in early 2020, a period that featured a historic nosedive in mortgage interest rates and frenetic volatility caused by the pandemic...


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Lawmakers Ask Servicers to Provide Consistent Information

May 7, 2020
Maria Volkova
The House Financial Services Committee has asked servicers to disseminate consistent information about pandemic-related forbearance options.
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