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Profits Decline at Fannie in Fourth Quarter

February 15, 2024
Brandon Ivey
For the full year, Fannie's net income hit $17.41 billion, up 34.7% from 2022.
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CHLA Calls on Credit Bureaus to Reduce Prices for Soft Pulls

February 15, 2024
Brandon Ivey
The Community Home Lenders of America called on the major credit bureaus to reverse fee increases for soft credit pulls.
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Bank Income From Mortgage Operations Down in 4Q

February 15, 2024
John Bancroft
Among 27 publicly owned banks, 20 saw income fall in the fourth quarter, and five recorded losses for the period.
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Congress Ponders Risks From AI in Housing Market

February 15, 2024
Monica Hogan
Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.
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Short Takes: Higher for Longer / Home Prices Increase / Homeowner Tenure Levels Off / HECM MBS From Ocwen

February 15, 2024
Brandon Ivey
Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.
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Freddie’s Single-Family Income Increases in Fourth Quarter

February 14, 2024
Brandon Ivey
The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.
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Deliveries to GSEs Down 8.4% in January

February 14, 2024
Dennis Hollier
Lenders delivered $41.06 billion of loans to Fannie Mae and Freddie Mac in January.
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Academy Purchase Will Add 600 LOs, 200 Branches to Guild’s Empire

February 14, 2024
Paul Muolo
In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.
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Appraisal Organization Working to Increase Diversity

February 14, 2024
Shannon Clark
According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.
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Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent

February 14, 2024
Brandon Ivey
Demand for both purchase mortgages and refinances declined as interest rates ticked up.
Read More
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Latest Imf News

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Featured Data

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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