State Regulators to Move Forward on Mortgage Reporting Overhaul March 26, 2024 Shannon Clark CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.Read More
Chase Teams With Visio on IPL MBS March 26, 2024 Brandon Ivey Visio Financial Services originated 56.2% of the loans in the $324.1 million investment property MBS.Read More
Short Takes: Home Prices Decline / Sales of New Homes Slow / Renting Cheaper Than Buying / Non-QM Delinquencies Increasing March 26, 2024 Brandon Ivey The monthly decline in home prices in January was the first decline since August 2022.Read More
Home Equity Lending Declines in 2023; HELOCs Lose Share March 22, 2024 Brandon Ivey Closed-end second liens accounted for an estimated 19% of home equity production in 2023, up from a 13% share in 2022.Read More
CHLA Brings Employment-Verification Costs to Regulators March 22, 2024 Brandon Ivey CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.Read More
Fed Pondering Slowing Runoff of Balance Sheet March 22, 2024 Dennis Hollier "We’re talking about going to a lower pace," said Fed Chair Jerome Powell.Read More
Chase Puts Closed-End Seconds From Rocket in MBS March 22, 2024 Brandon Ivey Loans originated by Rocket Mortgage account for 80.2% of the planned $316.0 million issuance.Read More
Short Takes: Sales of Existing Homes Jump / New Listings / Some Breathing Room on CRA Requirements / Retroactive NFIP Provision March 22, 2024 Brandon Ivey The sharp increase in existing-home sales in February may just be a blip...Read More
Frozen Fed Will Place Increased Pressure on Lenders March 21, 2024 Brandon Ivey "There are likely several more challenging quarters ahead for mortgage companies," said Eric Orenstein, a senior director at Fitch Ratings.Read More
MBS Investors Beyond Fed Add to Holdings in 4Q March 21, 2024 John Bancroft Most major investor categories increased their holdings of MBS during the fourth quarter, while the Fed continues to let its holdings slowly run off.Read More