Freddie Earnings Remain Stable in First Quarter May 3, 2023 Dennis Hollier Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.Read More
MSR Transfers Cool Off in First Quarter May 3, 2023 John Bancroft Transfers of agency mortgage servicing rights in the first quarter of 2023 dropped 50.1% compared with the previous quarter.Read More
California Privacy Law Increased Costs for Mortgage Borrowers May 3, 2023 Sam Manas Academic researchers used data from the Home Mortgage Disclosure Act to examine the impact of the implementation of the California Consumer Privacy Act.Read More
Short Takes: Purchase-Mortgage Applications Down / Planet Looking for Retail Shops / FoA Turns to Ocwen / New MBS from Velocity May 3, 2023 Brandon Ivey Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.Read More
A Nice Profit Rebound for Fannie. Big Reason: Lower Credit Loss Provisions May 2, 2023 Dennis Hollier Fannie's secret sauce in 1Q: dramatically lower provisions for credit losses...Read More
Up for Grabs: $37 Billion of Mostly Non-Agency MSRs May 2, 2023 Paul Muolo The offering circular notes, “The seller will be providing customary representations and warranties.”Read More
CFPB Finds PACE Loans Prompt Increase in Mortgage Delinquencies May 2, 2023 Brandon Ivey The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.Read More
Ginnie Early Buyouts Limited in First Quarter May 2, 2023 Brandon Ivey With interest rates elevated, there's little incentive for servicers to exercise early buyouts.Read More
Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp May 2, 2023 Brandon Ivey and Paul Muolo Chase isn’t going to follow First Republic’s jumbo-lending model.Read More
The Battle Over LLPAs Continues, GOP Throws Its Marker Down May 1, 2023 Dennis Hollier Newly introduced legislation, if passed, would rescind FHFA's latest revisions to GSE pricing.Read More