Top Servicers Handling Less of Jumbo Market February 23, 2024 James Dohnert JPMorgan Chase had the largest jumbo servicing portfolio, with $327.9 billion in volume at the end of December.Read More
Rocket Reports Losses for 4Q, 2023 February 23, 2024 James Dohnert Rocket Companies reported a net income loss of $232.6 million in the fourth quarter of 2023.Read More
Home-Improvement ABS Market is Expected to Grow February 23, 2024 Brandon Ivey KBRA said home-improvement ABS are performing better than securitized unsecured consumer loans with similar borrower credit characteristics, but worse than securitized prime auto loans.Read More
FHLBank of San Francisco to Accept VantageScore Credit Scores February 23, 2024 Dennis Hollier The San Francisco FHLBank says the move will allow it to expand the pool of creditworthy applicants.Read More
Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More
Average Credit Score for FHA Loans Up in 2023 February 22, 2024 Monica Hogan The increase was driven by higher scores on purchase mortgages.Read More
FHA Finalizes ‘Payment Supplement’ Partial Claim Program February 22, 2024 Monica Hogan Servicers can begin offering the new option May 1, but must make it available by Jan. 1, 2025.Read More
Former Sprout Mortgage CEO Accused of Money Laundering February 22, 2024 Paul Muolo Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.Read More
Fix-and-Flip Industry Expects an Increase in Originations in 2024 February 22, 2024 James Dohnert Fix-and-Flip lender Kiavi says it has already seen a boost in its pipeline in the first six weeks of the year.Read More
Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More