Short Takes: Spring Homebuying Fizzles / Million-Plus Missed Refis / Housing Legislation Reintroduced / Reverse Stock Split June 22, 2023 Brandon Ivey High interest rates suppressed homebuying activity this spring.Read More
FHA Loans Drive Up Ginnie Issuance in May June 21, 2023 Monica Hogan Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.Read More
loanDepot and Warehouse Financier Part Ways June 21, 2023 Paul Muolo The disclosure was made in new filing with the SEC.Read More
NCUA Head Sees Warning Signs in HELOC Activity June 21, 2023 Brandon Ivey "Warning signs are also flashing on the horizon," according to Todd Harper, chair of the National Credit Union Administration.Read More
DSCR Lenders Turn to Lower-Ratio Loans June 21, 2023 James Dohnert Some lenders note that they’re comfortable approving DSCR loans with ratios of less than 1.0 due to expectations that rents will rise.Read More
Short Takes: MSR Offerings / Support for New ‘Trigger Lead’ Bill / Housing Inventory Hits Record Low / CRT From Freddie June 21, 2023 Paul Muolo and Brandon Ivey Plenty of MSRs available for sale.Read More
Money Managers Add MBS to Portfolios June 20, 2023 John Bancroft Money-market funds and other investors helped to fill some of the void in the MBS market as the Fed and banks reduced their holdings in the first quarter.Read More
Consumer Direct Unit Changes Hands Among Smaller Banks June 20, 2023 Brandon Ivey BNC National Bank sold its consumer direct lending unit to First Federal Bank.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More