State Regulators Cite Nonbank Licensing Issues September 19, 2023 Sam Manas Jedd Bellman, senior counsel at Orrick, said regulators are getting frustrated by inaccuracy in mortgage call reports.Read More
Chase Offers Multiple Jumbo MBS September 19, 2023 Brandon Ivey Only four other issuers have offered jumbo MBS during the third quarter, and none since mid-August.Read More
Short Takes: ‘Mild’ Recession Expected / Waiting for Lower Rates / Few Loans in Forbearance September 19, 2023 Brandon Ivey Soft landing or mild recession...Read More
Jumbo Originations Gain Market Share in Second Quarter September 15, 2023 John Bancroft An estimated $50 billion of jumbo mortgages were originated in the second quarter.Read More
Agency MBS Margin Requirements Set for May Start September 15, 2023 Brandon Ivey The changes apply to various types of agency MBS, including the to-be-announced market, specified pools and collateralized mortgage obligations.Read More
Annaly Steps Up Expanded-Credit MBS Issuance September 15, 2023 Brandon Ivey It’s the seventh expanded-credit MBS of the year from the real estate investment trust.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
Short Takes: Interest Rates Move Up / Home Sales Scuttled / Some Relief Expected / loanDepot Looking to Grow September 15, 2023 Brandon Ivey The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
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