Rocket Ramping Up Closed-End Second Securitization November 10, 2023 James Dohnert Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.Read More
Fed Unlikely to Acquiesce to Industry’s MBS Proposals November 10, 2023 Dennis Hollier Federal Reserve Chair Jerome Powell said the Federal Open Market Committee will maintain a “brisk pace” of qualitative tightening.Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Shellpoint Remains Top Non-Agency MBS Servicer November 9, 2023 James Dohnert Shellpoint topped the ranking for the fourth consecutive quarter....Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Channel Shift Helped Expand Credit Box for FHA Loans November 9, 2023 Brandon Ivey The average credit scores for new originations of FHA mortgages declined somewhat after BofA and JPMorgan Chase ceased correspondent aggregation in the market.Read More
GSE Mortgage Holdings Decline in 3Q November 9, 2023 Dennis Hollier Fannie Mae's portfolio has only been smaller once since the financial crisis.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
FHFA Plans Changes for FHLBank System November 8, 2023 Dennis Hollier One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
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