Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy May 26, 2023 Brandon Ivey The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.Read More
FHA Plans to Expand Loss-Mitigation Options May 25, 2023 Monica Hogan FHA's partial claim option isn’t working well enough, according to FHA Commissioner Julia Gordon.Read More
Higher-Priced Mortgage Volume Ticks Up in 2022 May 25, 2023 James Dohnert Non-agency higher-priced mortgages are a proxy for subprime loans.Read More
CFPB Confirms It’s Worth Shopping for a Mortgage May 25, 2023 Brandon Ivey The CFPB found a wide range of interest rates on mortgages originated in 2021 among the top 20 lenders.Read More
FHA Welcomes Increased Condo Lending May 25, 2023 Monica Hogan FHA last updated the rules for its condo approval process in late 2019 and encourages feedback from industry.Read More
Short Takes: New Jumbos From United Wholesale / A Sliver of Hope for Home Sales / AAA Rating at Risk May 25, 2023 Brandon Ivey United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
Democrats Nowhere Near Housing Finance Reform May 24, 2023 Brandon Ivey Members of Congress on both sides of the aisle compared the conservatorship of the GSEs to that of Britney Spears.Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
Proposals to Help Nonbank Ginnie Servicers May 24, 2023 Paul Muolo The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.Read More
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