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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.
Read More

Debt Ceiling Standoff Troubles Mortgage Industry

May 4, 2023
Monica Hogan
The government could default on its debt obligations as early as June 1, the Treasury Department warned. The development could have major ramifications for mortgage lenders and the broader economy.
Read More

Chase Acquires First Republic With Help From FDIC

May 4, 2023
James Dohnert
The FDIC closed First Republic Bank this week and JPMorgan Chase acquired substantially all of the bank, with help from a loss-sharing agreement provided by the FDIC.
Read More

Another Servicer Becomes Available: SLS

May 4, 2023
Paul Muolo
Merger and acquisition activity is heating up, but most of it centers on mortgage servicing rights, huge blocks of it. Not only is SPS in play, but so too is SLS.
Read More

Amid Plunging Volume, GSE Profits Tick Up

May 4, 2023
Dennis Hollier
With volumes at lows not seen since before the Great Financial Crisis, Fannie and Freddie continue to turn in steady profits.
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Debate Persists Over Changes to Upfront Fees

May 4, 2023
Dennis Hollier
Disagreements about the Federal Housing Finance Agency’s new pricing grids for Fannie Mae and Freddie Mac highlight differences between Democrats and Republicans.
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UWM Out-Earned Rocket in 2022, But Not on CEO Pay

May 4, 2023
Paul Muolo
Last year was a trying year for most lenders. Among publicly traded shops, Rocket’s Jay Farner was one of the highest paid CEOs in the land, topping Mat Ishbia at United Wholesale Mortgage.
Read More

Regulators Plan Increased Scrutiny of Banks Following Failures

May 4, 2023
Brandon Ivey
A combination of internal mismanagement and lax regulation led to the failures of Silicon Valley Bank and Signature Bank, according to reviews by the Fed and the FDIC. The regulators plan to tighten regulation of banks, including a focus on interest rate risk.
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Thompson Defends FHFA’s New GSE Pricing Policy

April 27, 2023
Dennis Hollier
FHFA Director Sandra Thompson said critics of the new schedule of upfront fees for loans backed by Fannie Mae and Freddie Mac misunderstand the nature and purpose of the price changes.
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MSR Values Fell Slightly in 1Q23, Bids Still Strong

April 27, 2023
Paul Muolo
Servicing valuations are starting to inch downward, but not dramatically. The good news: Investors still want the asset and prices are holding firm. One notable: More MSR owners are hedging the asset these days.
Read More
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