Maxex Raises Capital as Market Volatility Persists June 26, 2023 James Dohnert Maxex has a network of 350 bank and nonbank originators...Read More
Banks Lose More Market Share in First Quarter June 23, 2023 John Bancroft The nonbank share of mortgage originations is moving closer to where it was during the pandemic refi boom.Read More
Coalition of Trade Groups Seek Slower Transition on Credit Scores June 23, 2023 Brandon Ivey Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.Read More
SEC Open to Walking Back Some Provisions in Conflicts Proposal June 23, 2023 Brandon Ivey The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.Read More
Trade Groups Continue to Fight GSEs' Condo Rules June 23, 2023 Dennis Hollier Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.Read More
Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook June 23, 2023 Brandon Ivey Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...Read More
Correspondent Share of Jumbo Lending Declines June 22, 2023 James Dohnert The retail channel gained market share in the jumbo sector as Wells retreated from correspondent lending.Read More
Chase Aggregates HELOCs From Nonbanks for Securitization June 22, 2023 Brandon Ivey HELOCs originated by United Wholesale Mortgage, loanDepot and others are going into a securitization from Chase.Read More
VA Working to Improve Origination Tech June 22, 2023 Monica Hogan Currently, lenders log into a UI and enter data manually, which can lead to errors.Read More
Planet Home Acquires $10 Billion in Ginnie MSRs June 22, 2023 Brandon Ivey The acquisition boosts Planet Home’s servicing portfolio to $94 billion.Read More
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