CFPB Sues Berkshire's Vanderbilt Mortgage for TILA Violations January 6, 2025 Shannon Clark Among the allegations: Vanderbilt approved a loan for a family with 33 debts in collection...Read More
The Final Tally: Freddie Tops Fannie in Residential Loan Purchases January 6, 2025 Dennis Hollier For the first time in 33 years, Freddie out bought its crosstown rival...Read More
Biden Admin Revises GSE Preferred Stock Purchase Agreements January 3, 2025 Dennis Hollier The revisions establish some ground rules that will apply if Fannie Mae and Freddie Mac are ever released from conservatorship.Read More
Large Nonbanks Take Back Some Origination Share January 3, 2025 Brandon Ivey All of the top five lenders are nonbanks, led by United Wholesale Mortgage.Read More
Ginnie Increases Employee Count in 2024 January 3, 2025 Brandon Ivey As of the end of September, the agency had 265 employees, up 25% from a year ago.Read More
DBRS Updates Rating Assumptions for Second Liens January 3, 2025 James Dohnert The rating service made the update following a review that found that CES loans originated pre-crisis had notably worse characteristics compared with originations in recent years.Read More
Short Takes: Interest Rates Rising / Housing Inventory Improving / More Non-Agency MBS in the Works January 3, 2025 Brandon Ivey Interest rates on mortgages increased to a level last seen in July 2024.Read More
Brokers Gain Some Share in FHA/VA Lending in 3Q January 2, 2025 Brandon Ivey The increase in broker originations was largely driven by two lenders: United Wholesale Mortgage and PennyMac Financial.Read More
Refi Share of Applications Falls Below 40% at Year-End January 2, 2025 Brandon Ivey The refi share of applications was as high as 55.7% in late September.Read More
Delinquencies on Securitized Non-QMs Rise Again January 2, 2025 Brandon Ivey The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.Read More