Redwood Forms Joint Venture With Canadian Pension Manager March 19, 2024 Brandon Ivey The Canada Pension Plan Investment Board manages a pension fund with $448.1 billion in holdings.Read More
Short Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech Company March 19, 2024 Brandon Ivey Some 0.22% of mortgage borrowers were in forbearance as of the end of February.Read More
Freddie Mac Taps President as Interim CEO March 18, 2024 Dennis Hollier If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...Read More
Short Takes: M&A for loanDepot? / 1,000+ Contractors / Recap and Release, Take 2? / New Branches / Better.com Readies Results March 18, 2024 Paul Muolo New hope for a "recap and release" for the GSEs?Read More
Banks Add to Whole-Loan Holdings in Fourth Quarter March 15, 2024 John Bancroft Banks, thrifts and credit unions ended the year with $3.551 trillion of unsecuritized home loans on their books, a gain of 0.8% from the third quarter.Read More
Guild Pays $13.4 Million for Academy Plus Earn-Out March 15, 2024 Brandon Ivey Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.Read More
MBS Prices Soften on Fed’s Higher-for-Longer Stance March 15, 2024 Paul Muolo With rates rising, MBS prices are once again skidding, causing traders to rethink their plans for the immediate future.Read More
Losses at Blend Narrow in Fourth Quarter March 15, 2024 Brandon Ivey Blend took a loss of $179.9 million for the full year 2023 after a loss of $763.8 million the previous year.Read More
Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving March 15, 2024 John Bancroft and Brandon Ivey NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.Read More
Bank Retail Lending Declines in Fourth Quarter March 14, 2024 Namrata Bhatia Retail mortgage originations by banks and thrifts declined by 16.6% in the fourth quarter.Read More