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Colonial Ponders Selling MSRs as Bank Exodus Continues

May 11, 2023
Paul Muolo
More banks are considering leaving the residential lending/servicing sector or scaling back. Will these decisions, made during tough times, come back to haunt them?
Read More

Trade Groups Ask CFPB For LO Comp Flexibility

May 11, 2023
Sam Manas
As the CFPB reviews its mortgage loan originator rules, trade groups called on the bureau to allow lenders to lower LO compensation.
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About Those Expected Interest Rate Cuts...

May 11, 2023
Dennis Hollier
The “sea of red” in the mortgage bond market probably isn’t going to be enough to get the Federal Reserve to reduce interest rates, according to industry experts.
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A Long Shot of Sorts: Rithm Spinning Off Its Mortgage Company

May 11, 2023
Paul Muolo
Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent?
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Business-Purpose Lending Down, But Still Profitable

May 11, 2023
James Dohnert
Lenders that focus on non-agency business-purpose lending are seeing success while traditional mortgage lenders struggle.
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Lenders Call for Updates to FHA Condo Loan Process

May 11, 2023
Monica Hogan
The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans.
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As Banks Falter, Annaly Sees an Opportunity in Jumbos, EC...

May 8, 2023
James Dohnert
Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...
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FHA Hears From Lenders on Proposed Flood Risk Rule

May 5, 2023
Monica Hogan
Remarks included concerns regarding the costs of complying with FHA’s proposed revision to minimum property standards for flood hazard exposure.
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MBA Calls on FHA to Align Rehab Policies With GSEs

May 5, 2023
Monica Hogan
The success of the Section 203(k) program depends on reforms that would make it more accessible for borrowers and operationally feasible for lenders, according to the Mortgage Bankers Association.
Read More

Ginnie Loan Removals Subdued in First Quarter

May 5, 2023
Andras Malatinszky
Loan removals from Ginnie Mae MBS fell to their lowest point in at least four years as payoffs, defaults and loss mitigation all ebbed in the first quarter of 2023. (Includes data chart.)
Read More
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