Short Takes: Two Harbors Resignation / HomeLight Expands AI Tool / LoanDepot Adds to Equity Product Offerings August 29, 2024 Shannon Clark Two Harbors Investment Corp. executive is leaving for Granite Point Mortgage Trust.Read More
FHLB Members Increase Borrowings From the Advance Window August 28, 2024 Dennis Hollier The top three FHLBank borrowers at June 30: JPMorgan Chase, PNC Bank and Charles Schwab...Read More
FHFA Proposes New Housing Goals for GSEs August 23, 2024 Dennis Hollier High interest rates and low supply continue to affect the availability of the affordable homes required to fulfill the GSEs' housing goals.Read More
Freedom Sees Government-Insured Lending Boost in 2Q August 23, 2024 Brandon Ivey Freedom mortgage leaped over UWM and PennyMac in the latest ranking and analysis of government-insured mortgage originators.Read More
Court Finds COVID Foreclosure Pause Delayed Statute of Limitations August 23, 2024 Monica Hogan The decision makes it clear that the COVID moratorium did not eliminate lenders' right to foreclosure, lawyers say.Read More
Short Takes: Sparrow Partners With Calque / Workday, Equifax Team for Employment Verification / Zombie Foreclosures on the Decline / FTC Noncompete Ban Blocked by Judge August 23, 2024 James Dohnert The new Sparrow/Calque product would allow borrowers to tap home equity to purchase a new home before they sell the current one.Read More
CFPB Fines Fay Servicing, Threatens to Cap CEO’s Pay August 22, 2024 Shannon Clark The company has been hit with $5 million in fines and redress, and must change its practices to be compliant with the CFPB's orders or face additional consequences.Read More
GSEs Update PMIERs, Private MIs Ready for Changes August 22, 2024 Dennis Hollier PMIs say the tougher available assets standards won't impact their eligibility as approved insurers.Read More
Lenders Urged to Prepare for a Boost in Mortgage Volume August 22, 2024 James Dohnert Mortgage technology providers believe originators should look to invest in new technology now before volume picks up later this year.Read More
Purchase Mortgages Up at FHA and VA in Second Quarter August 22, 2024 Monica Hogan FHA accounted for 59.5% of government-insured originations in the second quarter.Read More
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