Banks, thrifts and credit unions all reported sizable increases in their retained single-family mortgages. And home-equity debt outstanding was up for the first time in 14 years. (Includes two data charts.)
The mortgage industry’s worst kept secret? A lot of originators are losing money on new production. How long can nonbank shops live off the fat of 2020-2021? We’re about to find out.
Lenders say the 15-bp surcharge on broker loans penalizes low- and moderate-income borrowers and flies in the face of the principle of the level playing field.
There have been plenty of “asset” sales by mortgage firms this year — MSRs, for instance — but not “whole” company transactions. Is the bell about to ring?
The Appraisal Foundation is pushing back against calls for appraisal reform legislation that would strip the group of its authority to set industry standards and criteria.
Intercontinental Exchange’s attempt to acquire Black Knight has been attacked by regulators, shareholders and mortgage lender trade groups. In other words, it remains to be seen if the deal will get done.
The NY AG sued the Trump Organization this week for, among other things, inflating the value of its real estate holdings. Meanwhile, Rocket hopes to stay in the black.
Depository institutions’ share of mortgage originations grew for the fifth straight quarter during the April-June cycle, but nonbanks still dominated the market. (Includes two data charts.)
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