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State Regulators Streamline Exam Standards for Nonbanks

March 6, 2024
Brandon Ivey
State agencies established a set of mortgage and exam programs through the State Examination System.
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Neuberger Berman Returns to Non-Agency MBS Market

March 6, 2024
Brandon Ivey
Neuberger Berman last issued an expanded-credit MBS in August 2022.
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Lenders Passed Controversial GSE COVID Fee on to Borrowers

March 6, 2024
Dennis Hollier
Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.
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Short Takes: Demand for Purchase Mortgages Increases / Rate Locks Up in February / New CEO at Carrington / Freddie Securitizing RPLs

March 6, 2024
Brandon Ivey
A small decline in interest rates last week helped to increase applications for purchase mortgages.
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FHA, VA Lending Declines in Fourth Quarter

March 5, 2024
Monica Hogan
Combined, FHA and VA lending declined by 17.7% in the fourth quarter.
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Angel Oak REIT Inks Profit in Fourth Quarter

March 5, 2024
James Dohnert
The REIT associated with Angel Oak companies reported a profit for 2023 after taking losses in the prior year.
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MSR Owners Facing Pressure From Escrows, Interest Rates

March 5, 2024
Brandon Ivey
Mortgage borrowers' obligations for property taxes and insurance are rising and interest rates are projected to fall, a foreboding combination for MSR investors.
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Hurdles for Participation in CFPB Disclosure Pilot

March 5, 2024
Shannon Clark
A trial disclosure program launched in November for construction loans doesn't have any approved participants.
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Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie

March 5, 2024
Brandon Ivey
Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.
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REIT Holdings of MBS Decline in Fourth Quarter

March 4, 2024
John Bancroft
REIT holdings of MBS declined by 2.7% in the fourth quarter of 2023.
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Latest Imf News

  • Servicing Share for Rocket, Chase Down in Second Quarter

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Featured Data

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  • Originations Increase in 2Q Amid Headwinds From Rates

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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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