CFPB-Submitted Consumer Complaints Reach Historic High in Q1 May 9, 2024 Shannon Clark Credit reporting issues took the top spot for consumer complaints submitted in the first quarter.Read More
Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT May 9, 2024 Brandon Ivey To this point, access to Fannie's income-calculation tool was only available through third parties.Read More
Agency MBS Issuance Increases in April; Refis Down May 8, 2024 John Bancroft The increase was driven by purchase mortgages, with volume up 11.3% on a monthly basis to $67.87 billion.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
Credit Score Costs Jump; Lenders Point to Lack of Competition May 8, 2024 Dennis Hollier FICO CEO Will Lansing addressed the criticism over the price increases, saying the firm was “catching up from 30 years of frozen pricing.”Read More
Investors Showing Strong Demand for Non-Agency Loans May 8, 2024 James Dohnert Buyers increasing their allocations to the sector include insurance companies.Read More
Short Takes: McCargo Moves On to FHLBank / Refis Drive Applications Up / Home Sales Expected to Increase / LO Comp Following Cyberattack May 8, 2024 Brandon Ivey Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.Read More
Correspondent Channel Loses Share in Agency Market May 7, 2024 Andras Malatinszky The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.Read More
Revenues Plunge at Reverse Lender Finance of America May 7, 2024 Paul Muolo Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.Read More
Lenders See Benefits in Freddie’s Plan for Seconds May 7, 2024 Dennis Hollier PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”Read More
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