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Improvements to Loss Mitigation Programs Needed Post-Pandemic

July 11, 2024
Shannon Clark
While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.
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MBA Calls for Overhaul of FHA Multifamily Programs

July 11, 2024
Brandon Ivey
The MBA wants significant changes to the Federal Financing Bank risk-sharing program. Reforms are also needed in the multifamily accelerated processing program, according to the trade group.
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Consumer Optimism Improving Despite Affordability Concerns

July 11, 2024
James Dohnert
Consumers are showing increased optimism about the housing market, but supply challenges and interest rates hurt affordability levels.
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SoFi’s Mortgage Business Grows, Thanks to Wyndham

June 28, 2024
Brandon Ivey
SoFi expects to see further growth in its share of mortgage originations due to the acquisition of Wyndham Capital Mortgage, which provided SoFi with mortgage fulfillment processes.
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MSR Buyers Waiting for Supply to Increase

June 27, 2024
Brandon Ivey
There’s more demand for mortgage servicing rights than there is supply at the moment, helping to keep prices for the assets elevated. Even if MSR sales increase this year, prices are expected to remain firm.
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Freddie Gets Approval for Closed-End Seconds Pilot

June 27, 2024
Dennis Hollier
The Federal Housing Finance Agency’s approval of the controversial pilot program comes with several conditions that limit the size and scope of Freddie’s second-lien purchases.
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Adjusting to a ‘New Mortgage Normal’

June 27, 2024
Paul Muolo
The first quarter of 2024 was trying for most privately held nonbanks, but it appears volumes and profits turned a corner in the second quarter. The reason: cost cuts and less competition. Call it the “new normal?”
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Flagstar Warehouse Staff’s Future Uncertain, For Now

June 27, 2024
Paul Muolo
What might JPMorgan do with the relationship managers attached to the $5 billion in warehouse loans it’s buying from Flagstar? To date, JPM hasn’t talked about details of the yet-to-close deal.
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Biden Administration Takes Steps on Affordable Housing

June 27, 2024
Dennis Hollier and Monica Hogan
The Treasury Department announced $100 million in affordable housing funding, while HUD named recipients of its Pathways to Removing Obstacles to Housing grant competition.
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Federal Regulators Set New Standards for Use of AVMs

June 27, 2024
Shannon Clark
The final rule on the use of automated valuation models in mortgage lending includes a standard that seeks to ensure compliance with nondiscrimination laws.
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