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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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