Nonprime Servicing Portfolios Grow Modestly in Second Quarter September 5, 2024 James Dohnert Among a group of 20 prominent nonprime servicers, portfolios increased by 0.6% in the second quarter.Read More
UWM Offers 75-Basis-Point Discount on Refis September 5, 2024 Brandon Ivey The discount applies to most types of refis, through Oct. 31.Read More
CFA Calls for Policy Changes to FHA Program September 5, 2024 Monica Hogan The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.Read More
Short Takes: Non-QMs From The Loan Store in MBS / Inventory of Homes for Sale Increases / Freddie Selling NPLs September 5, 2024 Brandon Ivey The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.Read More
Mixed Signals on Demand for Refinances September 4, 2024 Brandon Ivey The Fed's anticipated rate reduction is already baked into mortgage interest rates...Read More
HECM Lending Up Somewhat in Second Quarter September 4, 2024 Monica Hogan HECM production picked up somewhat after a lackluster first quarter.Read More
Investors Showing Strong Demand for Non-Qualified Mortgages September 4, 2024 James Dohnert Brian Devlin, president and CEO of Arc Home, said investor appetite for non-QMs is the strongest it’s ever been.Read More
Redwood Adjusts Advancing Feature on New Jumbo MBS September 4, 2024 Brandon Ivey It’s the first jumbo MBS from Redwood since 2015 to include full advancing.Read More
Short Takes: MSR Values Decline / Retention Performance Falters / Rocket Taps Former CEO of Sagent / Home Improvement Securitization September 4, 2024 Brandon Ivey MSR values are coming down as interest rates decline.Read More
ARM Lending Up in 2Q, Share of Originations Increases September 3, 2024 James Dohnert ARMs accounted for 13.6% of first-lien originations in the second quarter of 2024 compared to 11.7% in the first quarter.Read More