Shellpoint Remains Top Non-Agency MBS Servicer November 9, 2023 James Dohnert Shellpoint topped the ranking for the fourth consecutive quarter....Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Channel Shift Helped Expand Credit Box for FHA Loans November 9, 2023 Brandon Ivey The average credit scores for new originations of FHA mortgages declined somewhat after BofA and JPMorgan Chase ceased correspondent aggregation in the market.Read More
GSE Mortgage Holdings Decline in 3Q November 9, 2023 Dennis Hollier Fannie Mae's portfolio has only been smaller once since the financial crisis.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
FHFA Plans Changes for FHLBank System November 8, 2023 Dennis Hollier One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Earnings Improve at UWM, Aided by MSRs November 8, 2023 Paul Muolo UWM transferred $14.7 billion of servicing rights in the third quarter.Read More
loanDepot Working to Cut More Costs Amid Losses November 8, 2023 Paul Muolo The nonbank is working on another round of cost-cutting measures.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
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