Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal June 6, 2023 Brandon Ivey In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.Read More
SEC Filing Details Pay Package for New loanDepot CFO June 5, 2023 Paul Muolo After 2023, his bonus could reach 200% of his base salary...Read More
Purchase-Mortgage Share Hits 85% in First Quarter June 2, 2023 John Bancroft The purchase-mortgage share is growing as refinance business dwindles.Read More
Biden Administration Proposes Rule on Automated Valuation Models June 2, 2023 Sam Manas Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.Read More
To Boost Non-QM Lending, Educate Loan Originators June 2, 2023 James Dohnert “MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.Read More
Nonbank Ginnie Issuers Making Progress on Capital Requirements June 2, 2023 Monica Hogan Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.Read More
Short Takes: Strong Economy Pushing Interest Rates Up / Potential Borrowers Waiting / Planet Home Expands Retail Footprint / Fractional Home-Equity Tokenization June 2, 2023 Brandon Ivey The market has priced in the likelihood of another Fed rate hike...Read More
Outstanding FHLBank Advances Pass $1 Trillion Mark June 1, 2023 Brandon Ivey The trillion-dollar threshold has only been reached once before.Read More
NMLS Reporting Proposal Gets Lukewarm Industry Response June 1, 2023 Sam Manas Mortgage trade groups asked the Conference of State Bank Supervisors to alter some elements of proposed reporting requirements.Read More
Lenders Concerned by FHFA Credit Score Proposal June 1, 2023 Brandon Ivey Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.Read More