MBA Cautions Against FSOC Designations for Nonbank Mortgage Companies November 1, 2023 Brandon Ivey FSOC plans to set new standards for applying a “systemically important financial institution” designation to nonbank financial companies.Read More
CFPB Proposal on Open Banking Excludes Mortgage Companies November 1, 2023 Sam Manas With the CFPB's open banking proposal, consumers would be able to connect checking, credit card, digital wallet and prepaid accounts to third-party institutions in order to access different products and services.Read More
Short Takes: ARM Share Increasing / loanDepot Offers Second Lien for FHA Mortgages / Redwood Returns Quickly With Jumbo MBS / HUD Selling HECMs November 1, 2023 Brandon Ivey ARMs accounted for 10.7% of mortgage applications last week.Read More
Mortgage-Related Complaints to CFPB Decline October 31, 2023 Namrata Bhatia Complaints about mortgages were down 6.2% compared with the second quarter.Read More
Fannie Earnings Remain Stable in an Unstable World October 31, 2023 Dennis Hollier A $491 million payout to junior preferred shareholders in the third quarter cuts Fannie Mae profits to $4.7 billion.Read More
Redwood Posts Loss Despite Jumbo Portfolio Gains October 31, 2023 James Dohnert Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.Read More
GSE Move to Bi-Merge Credit Score Process Faces Pushback October 31, 2023 Dennis Hollier Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Not a Pretty Picture for Commercial MBS Issuance in 3Q23 October 30, 2023 John Bancroft For the first nine months of 2023, the market was down 43.1% from a year ago...Read More
Originations Down in 3Q, Trends at Top Lenders Vary October 27, 2023 John Bancroft Mortgage originations declined by an estimated 3.8% in the third quarter on a sequential basis.Read More