Profits at FHLBanks More Than Doubled in 2023 March 13, 2024 Dennis Hollier Outstanding advances were down for the year after a surge in the first quarter.Read More
Gordon Asks NAHREP Members to Highlight FHA Program March 13, 2024 Monica Hogan FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.Read More
Guild Takes Losses on Originations, Servicing in 4Q March 13, 2024 Brandon Ivey Originations declined as did the value of the nonbank's MSR portfolio.Read More
Another Tough Quarter for loanDepot March 13, 2024 Paul Muolo Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.Read More
Short Takes: Foreclosures Decline / MSR Offering / New CEO at AmeriHome / Details on Fannie’s NPL Sale March 13, 2024 Brandon Ivey and Paul Muolo Foreclosure activity declined by 1% on a monthly basis in February.Read More
Mortgage Earnings at Large Nonbanks Plummet in 4Q March 12, 2024 John Bancroft Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.Read More
Biden Administration in No Rush on GSE Reform March 12, 2024 Brandon Ivey President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.Read More
Nonbanks Frustrated by Slow-Moving State Regulators March 12, 2024 Shannon Clark Limited adoption by states of a new form meant to streamline reporting requirements is a “disappointment,” according to the MBA.Read More
FHFA Plans to Revise Survey of Borrowers March 12, 2024 Dennis Hollier FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.Read More
Short Takes: Todman to Fill In at HUD / Appraisal Requirements in Maui / Equity Prime Leader Pledges $1 Million to MBA Opens Doors / Reprieve From Delisting for Better March 12, 2024 Brandon Ivey Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.Read More
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