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Third-Party Origination Channels Gain Share in 2023

March 1, 2024
John Bancroft

Both wholesale-broker and correspondent saw significant gains in market share, a common occurrence when refinances business slows. 


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FHFA Aligns Timelines for Credit Score Transition

March 1, 2024
Dennis Hollier
“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.
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MBS and ABS Gathering Breaks Attendance Record

March 1, 2024
Brandon Ivey
“We’re in a euphoric market for spread products,” said Neil Aggarwal, head of securitized products at Reams Asset Management.
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NYCB Revises 4Q Financials, CEO Resigns

March 1, 2024
Brandon Ivey
NYCB’s fourth-quarter results went from a $252 million net loss as reported Jan. 31 to a $2.71 billion loss.
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CFPB to Make Changes to Reduce Conflicts of Interest Among Staff

March 1, 2024
Shannon Clark

“We are committed both to preventing conflicts of interest in our work and to preserving the independence of our staff,” said David Uejio, acting associate director of the CFPB’s supervision division.


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Short Takes: ‘Flirting With’ 7.0% / Pending Home Sales Decline / Jumbo MBS From Redwood / Congress Keeps Government Open for Another Week

March 1, 2024
Brandon Ivey
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying,” said Sam Khater, chief economist at Freddie Mac.
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Little Commingling of GSE MBS Despite Fee Reduction

February 29, 2024
John Bancroft
Commingling happens when a government-sponsored enterprise stocks a new Supers deal with MBS issued by the rival GSE.
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UWM Selling MSRs Rather Than Directly Hedging

February 29, 2024
Brandon Ivey
Rather than hedging MSRs, UWM relies on its origination capabilities and sells some MSRs.
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Ginnie Revises Financial Requirements for Manufactured Housing Lenders

February 29, 2024
Monica Hogan
Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.
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Lenders Advised to Look for Different Lead Sources

February 29, 2024
James Dohnert
Lenders should shift their marketing spend from trigger leads to other sources, according to Jimmy King, CEO of BankingBridge, a mortgage marketing technology company.
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