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Warehouse Commitments Decline, Usage Rates Drop

February 17, 2022
Paul Muolo
Warehouse finance was a great business to be in the past two years. But with rates rising and primary market originations slipping, all bets are off. The spring homebuying season should bring some relief. (Includes data chart.)
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Another Day, Another MSR Offering…

February 17, 2022
Paul Muolo
Roughly 85% of the loans are 30-year FRMs...
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Better.com's C-Suite Post Merger?

February 17, 2022
At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.
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Deliveries Over 2021 Baseline Loan Limit Spike in January

February 17, 2022
Brandon Ivey
In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.
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Fannie’s Net Worth Spirals to $47.36 Billion in 2021

February 17, 2022
Dennis Hollier
An improving economy made it possible for the mortgage giant to generate $5.10 billion in credit-related gains in 2021.
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Better.com Reveals Third-Quarter Results. 4Q? Not Yet

February 17, 2022
Paul Muolo
The mortgage fintech revealed nine-month results but where’s 4Q21? Hard to say. Bottom line: More red ink is expected.
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FHA Lifts COVID-Related Mitigants on Multifamily Loans

February 17, 2022
Monica Hogan
The FHA said its multifamily portfolio has proven to be consistently resilient to significant COVID-19 impacts, and temporary underwriting requirements were no longer needed.
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OCC’s Hsu Says CRA Changes Coming Soon

February 17, 2022
Sam Manas
Acting Comptroller of the Currency Michael Hsu believes updated CRA standards should reflect changes in the business of banking, particularly the increased use of mobile and internet delivery channels.
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Grapevine: In MSRs We Trust / The Outsourcing Calculation

February 17, 2022
Paul Muolo
A great time to sell mortgage servicing rights? Indeed. Meanwhile, Home Point has hired ServiceMac to be its third-party loan processor...
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Secondary Market Deliveries Earn a Reprieve in January

February 16, 2022
Dennis Hollier
The year-over-year drop in production was almost across the board, with nearly 80% of the top 100 sellers showing declines in January...
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