Annaly to End Lull in Expanded-Credit MBS Issuance November 29, 2023 James Dohnert Annaly's $389.5 million expanded-credit mortgage-backed security ends a two-week period between expanded-credit MBS offerings.Read More
Correspondent Outlets Showing Strong Demand for Loans November 29, 2023 Brandon Ivey Guild Mortgage's originations unit turned a profit in the third quarter thanks to strong demand from correspondent buyers.Read More
Short Takes: FHA Loan Limits / Immediate Implementation / Home Price Declines? / Applications Depressed November 29, 2023 Brandon Ivey Now that the 2024 conforming limits have been set, the FHA and lenders are setting their 2024 boundaries...Read More
GSE Loan Limits to Increase 5.6% in 2024 November 28, 2023 Brandon Ivey The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.Read More
Analysis: How CFPB’s Chopra Spends His Time November 28, 2023 Sam Manas According to an Inside the CFPB analysis of CFPB Director Rohit Chopra’s executive calendar, he spent slightly more time with industry representatives than with consumer advocates in the first half of 2023.Read More
SEC Issues Final Rule Prohibiting Conflicts of Interest in Securitizations November 28, 2023 Brandon Ivey The rule aims to prevent issues involving securitization seen in the run-up to the financial crisis of 2008.Read More
Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines November 28, 2023 Paul Muolo According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.Read More
Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality November 28, 2023 Brandon Ivey and Paul Muolo Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.Read More
Ginnie MSR Sales Increase in Third Quarter November 22, 2023 John Bancroft Lakeview Loan Servicing has been the most active bulk buyer of Ginnie MSRs, with $87.67 billion in acquisitions since the first quarter of 2022.Read More
CFPB Launches Pilot for Disclosures on Construction Loans November 22, 2023 Sam Manas The pilot was prompted by a request from the Independent Community Bankers of America.Read More