Industry Frustrated as New LLPA Structure Nears April 24, 2023 Dennis Hollier Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.Read More
Mixed Trends in Deliveries to GSEs in First Quarter April 21, 2023 Dennis Hollier Volume declined on a sequential basis in the first quarter, while deliveries picked up in March compared with February.Read More
Morgan Stanley Tries Again with Jumbo MBS April 21, 2023 Brandon Ivey Morgan Stanley initially started marketing the jumbo MBS just before the failure of two regional banks in March.Read More
Mortgage Securitization Rate Declines in 2022 April 21, 2023 John Bancroft A larger portion of GSE-eligible mortgages didn't make it into MBS in 2022.Read More
Margins Shrink Further at PrimeLending in First Quarter April 21, 2023 Brandon Ivey The lender expects that margins will improve somewhat later this year.Read More
Short Takes: Recession Coming / Fannie Adjusts Home Price Expectations / Interest Rates Too High April 21, 2023 Brandon Ivey A modest recession is likely in the second half of 2023, according to economists at Fannie Mae.Read More
A Slight Increase in Share for Private MIs in First Quarter April 20, 2023 Namrata Bhatia The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.Read More
FHFA to Codify Existing Fair Housing Directives April 20, 2023 Dennis Hollier The rulemaking process will help make current policy more durable, reducing the likelihood future administrations reverse existing fair housing regulation.Read More
Acra, Angel Oak Seeing Positive Developments in Non-QM April 20, 2023 Paul Muolo Interest rate trends and industry consolidation are tailwinds for big players in the non-QM market.Read More
Remote Work for MLOs Extends Beyond Pandemic April 20, 2023 Monica Hogan Montana will become the latest state to codify the authorization for remote work for mortgage company employees, effective July 1.Read More