Losses on Production Nearly Double in Third Quarter November 15, 2023 Brandon Ivey A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.Read More
Complaints to CFPB About Credit Reports Increase November 15, 2023 Sam Manas Complaints submitted to the CFPB increased by 8.7% on a quarterly basis.Read More
Fannie CEO to Take On President Role as Well November 15, 2023 Dennis Hollier Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.Read More
Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT November 15, 2023 Brandon Ivey Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.Read More
Retail Channel Gains Share in Agency Market in 3Q November 14, 2023 Andras Malatinszky The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.Read More
Earnings, Outlook Get Worse for Better November 14, 2023 Paul Muolo Better lost $340 million in the third quarter and projects a decline in originations for the fourth quarter.Read More
Housing Groups Urge Congress to Avoid Government Shutdown November 14, 2023 Monica Hogan The MBA and other trade groups are urging Senate and House leadership to make sure funding and authorization for the National Flood Insurance Program doesn’t lapse on Nov. 17.Read More
Chopra Raises Concerns About Appraisal Management Companies November 14, 2023 Sam Manas CFPB Director Rohit Chopra focused on the interplay between appraisal management companies and how much appraisers are paid.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Private Mortgage Insurers Lose Ground to FHA/VA Market in 3Q November 10, 2023 John Bancroft Private mortgage insurers' share of primary mortgage insurance activity has dropped to its lowest level since early 2021.Read More