CFPB Affirms Mortgage Rules Apply to Contracts for Deeds August 13, 2024 Shannon Clark The CFPB said it is stepping in to stop harmful practices used in contract for deed financing that set up homebuyers to fail.Read More
Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing August 13, 2024 Brandon Ivey Skyward Specialty Insurance Group launched a mortgage reinsurance business.Read More
Chase Markets Prime Jumbo MBS Backed By ARMs August 12, 2024 James Dohnert Loans in the new prime jumbo MBS had an average seasoning of 13 months.Read More
Private MI Companies Gain Share in Second Quarter August 9, 2024 John Bancroft Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.Read More
Guild Reduces Losses From Originations in 2Q August 9, 2024 Brandon Ivey The nonbank’s origination unit took a $3.1 million loss in the second quarter after a $24.2 million loss the previous quarter.Read More
Secondary Market Weathers Volatility on Fed Outlook August 9, 2024 Paul Muolo Spreads on MBS and ABS widened following the release of the jobs data, but spreads widened even more in corporate credit sectors.Read More
Mortgage Interest Rates Fall Below 6.50% August 9, 2024 Brandon Ivey The average interest rate for a mortgage stood at 6.73% just before the release of the jobs report last week.Read More
Short Takes: Steady Losses at Blend / FHA Extends Disaster Program in Maui / Income Drops at Cherry Hill / Correction on Ready Capital’s MSR Sale August 9, 2024 Brandon Ivey Blend Labs took a $19.4 million loss in the second quarter.Read More
Bulk Sales of Ginnie MSRs Jump in Second Quarter August 8, 2024 Brandon Ivey Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.Read More
Better Increases Production, Takes Another Loss in 2Q August 8, 2024 Brandon Ivey The parent of Better Mortgage took a $42.2 million loss in the second quarter compared with a $51.5 million loss the previous quarter.Read More
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