Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More
Average Credit Score for FHA Loans Up in 2023 February 22, 2024 Monica Hogan The increase was driven by higher scores on purchase mortgages.Read More
FHA Finalizes ‘Payment Supplement’ Partial Claim Program February 22, 2024 Monica Hogan Servicers can begin offering the new option May 1, but must make it available by Jan. 1, 2025.Read More
Former Sprout Mortgage CEO Accused of Money Laundering February 22, 2024 Paul Muolo Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.Read More
Fix-and-Flip Industry Expects an Increase in Originations in 2024 February 22, 2024 James Dohnert Fix-and-Flip lender Kiavi says it has already seen a boost in its pipeline in the first six weeks of the year.Read More
Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More
Jumbo Market Share Shrinks in 4Q February 21, 2024 James Dohnert The jumbo market’s share of first-lien production narrowed in the fourth quarter of last year.Read More
Redwood Posts Profit to Close Out 2023 February 21, 2024 James Dohnert Redwood Trust reported a $21 million profit in the fourth quarter that was attributed to the company’s push to boost its liquidity for 2024.Read More
MBA Asks VA to Align Property Requirements With GSEs February 21, 2024 Monica Hogan The MBA was part of a trade group coalition that called on the VA to align minimum property requirements with standards already established by the GSEs.Read More
Short Takes: dv01, Fitch Team for New Non-Agency RMBS Benchmarks / Premier Lending Adopts FICO Score 10 T / LoanCare Launches App / Habitat for Humanity’s CDFI Gets a Name Change February 21, 2024 James Dohnert The new partnership's benchmarks focus on the non-QM and prime-jumbo markets.Read More