Originations Jump at Chase in Second Quarter; Wells Also Up July 14, 2023 Brandon Ivey Chase nearly doubled its mortgage originations on a quarterly basis in the second quarter.Read More
Ratings Likely for Fix-and-Flip Securitizations July 14, 2023 James Dohnert The first large revolving RTL securitization was issued in 2018 and to this point, none of the deals in the sector have received ratings.Read More
Terra Property Trust Rebuts Some Claims Tied to Western Asset REIT July 14, 2023 Brandon Ivey The fate of Western Asset Mortgage Capital's convertible debt is a concern.Read More
Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS July 14, 2023 Brandon Ivey After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.Read More
Primary MI Securitization Volume Up in Second Quarter July 13, 2023 John Bancroft Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.Read More
New Special Purpose Credit Programs at U.S. Bank, United Wholesale July 13, 2023 Brandon Ivey The SPCPs at U.S. Bank and United Wholesale Mortgage are limited to certain areas.Read More
CFPB Weighs In on Lawsuit Regarding TILA Coverage July 13, 2023 Brandon Ivey The lawsuit involves a loan secured by a cabin on a leased property.Read More
FHFA Expands Disclosures in Appraisal Data July 13, 2023 Dennis Hollier The disclosures include a new field denoting the largest race or ethnic group in a tract.Read More
Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez July 13, 2023 Brandon Ivey AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.Read More
Banks Gain GSE Market Share in Second Quarter July 12, 2023 Dennis Hollier Lenders delivered $174.26 billion in loans into Fannie Mae and Freddie Mae mortgage-backed securities in the second quarter, a robust 37.9% sequential increase.Read More
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