Dimon: Regulators Unaware of Impact of Capital Proposal December 6, 2023 Brandon Ivey Jamie Dimon, chairman and CEO of JPMorgan Chase, raised concerns about a capital requirement proposal at a hearing in Congress Wednesday.Read More
McHenry Declines to Run for Reelection in House December 6, 2023 Paul Muolo Rep. Patrick McHenry, R-NC, is currently the chairman of the House Financial Services Committee.Read More
Non-QMs Gaining Traction With Borrowers, LOs December 6, 2023 James Dohnert “There’s just incredible pent-up demand right now,” said Aaron Samples, chief revenue officer of Logan Finance.Read More
Short Takes: Application Trends / Lumber Costs and Buydowns / Discounted Rates at KeyBank / PennyMac’s Debt Issuance / REIT Merger Finalized December 6, 2023 Brandon Ivey and Paul Muolo Refi applications are up on an annual basis while purchase-mortgage demand lags.Read More
Expanded-Credit Sector Loses Market Share in Third Quarter December 5, 2023 James Dohnert The ECM sector’s share of total originations declined to 2.3% in the third quarter.Read More
Mixed Outcome in Dispute Between Black Knight, PennyMac December 5, 2023 Brandon Ivey An arbitrator issued an interim award of $155.2 million for Black Knight.Read More
FHA to Improve Monitoring of Lenders, Servicers December 5, 2023 Monica Hogan An inspector general identified counterparty risk related to protecting FHA’s Mutual Mortgage Insurance Fund as one of HUD’s top management challenges for 2024.Read More
Little Use of Title Insurance Alternative December 5, 2023 Brandon Ivey In 2022, Fannie Mae reported that it purchased just 45 of loans with attorney opinion letters.Read More
Short Takes: Steady Margins / Older Millennials Struggle / Standardization for HFA Forms / Large Donation From MacKenzie Scott December 5, 2023 Brandon Ivey PennyMac's margins in the fourth quarter are at levels similar to those seen in the third quarter.Read More
Trends in Purchase-Mortgage Sector Vary in 3Q December 1, 2023 John Bancroft United Wholesale Mortgage ranked as the top producer of purchase mortgages in the first nine months of 2023 with $73.17 billion.Read More