Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale April 3, 2024 Brandon Ivey Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.Read More
Bank Mortgage Holdings Increase in 2023 April 2, 2024 James Dohnert On an annual basis, the holdings increased by 3.2%.Read More
Mortgage REIT to Drop Mortgages and REIT Status April 2, 2024 James Dohnert Ellington Residential Mortgage REIT will rename and shift focus to investing in collateralized loan obligations.Read More
Mixed Trends in Latest Non-Agency MBS April 2, 2024 Brandon Ivey Angel Oak Companies, Lone Star Funds and Redwood Trust kicked off the second quarter of 2024 with new non-agency MBS offerings.Read More
Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB April 2, 2024 Brandon Ivey and Paul Muolo Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.Read More
FHFA Conducting Targeted Exams of Nonbanks March 29, 2024 Brandon Ivey Between October 2021 and August 2023, 21 exams were conducted.Read More
Subtle Shifts in Securitization Rate as Lending Declines March 29, 2024 Brandon Ivey The securitization rate for residential mortgages was 72.1% in 2023.Read More
Congress Divided on Solutions for Housing Affordability March 29, 2024 Monica Hogan Lawmakers across both parties agree that housing costs are unaffordable, but there's no consensus on how to address the issue.Read More
State Court Ruling Favors CFPB’s Stance in TILA Case March 29, 2024 Shannon Clark The lawsuit centers on whether requirements under the Truth in Lending Act apply to mortgages that are marked as commercial on loan documentation but have certain residential characteristics.Read More
Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly March 29, 2024 Brandon Ivey FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.Read More