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COVID-19 Puts a Wrench in Amherst’s Front Yard Deal

May 8, 2020
Brandon Ivey
Amherst Residential backed out of a deal to acquire Front Yard Residential but will still be making an investment in the target company.
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Large Banks Tightening HELOC Lending

May 8, 2020
Yemeng Yang
Analysts expect there will not be a surge in home equity line of credit draws during the economic crisis sparked by the pandemic.
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Fed Loan Officer Survey Shows Standards Tightening

May 8, 2020
Maria Volkova
Mortgage lenders have tightened underwriting requirements on non-agency mortgages and HELOCs, according to a recent Federal Reserve survey.
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Zillow Predicts Purchase Market Recovery by End of 2021

May 8, 2020
Maria Volkova
Though purchase mortgages are plummeting, low interest rates and higher buyer demand will help the market stage a recovery, according to Zillow.
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As Funding Tightens, Some Nonbanks Might Opt to Buy a Depository

April 24, 2020
Paul Muolo
Is warehouse credit getting so tight that some nonbanks are considering ei-ther purchasing or becoming affiliated with a federally insured depository? Looks that way.
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Higher CECL Reserves Take a Bite Out of Banks’ Earnings

April 24, 2020
Brandon Ivey
Banks increased reserves for loans held in portfolio during the first quarter on implementation of new accounting standards. Many delayed the impact of CECL on regulatory capital.
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States Ponder Reopening; Effects Remain to be Seen

April 24, 2020
Maria Volkova
Even though coronavirus cases are still increasing, some states like Texas and Georgia plan to reopen businesses, hoping that better days are ahead. Mortgage implications?
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Downpayment Assistance Increasingly Important for FTHBs

April 24, 2020
Brandon Ivey
The share of first-time homebuyers leaning on downpayment assistance for mortgages increased in 2019, according to a survey by the National Association of Realtors.
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JPMorgan Chase Caps Warehouse Credit

April 10, 2020
Paul Muolo
A new shoe has dropped in the nonbank liquidity saga: Warehouse credit. JPMorgan Chase, the largest player in the sector, is cutting back.
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Coronavirus Crisis Reshaping Lenders’ Best Practices

April 10, 2020
Brandon Ivey
Industry analysts suggest lenders sell loans quickly and use best-efforts pricing options to offset volatility caused by the coronavirus crisis.
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