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Short Takes: Applications Decline / FHA Considering Revisions to Rehab Program / CHLA Critical of ‘Duplicative’ Proposal from CFPB

February 15, 2023
Brandon Ivey
Rising interest rates take another bite out of loan applications.
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Fannie Earnings Tumble as Provisions Rise

February 14, 2023
Dennis Hollier
A forecast decline in home prices forces Fannie to set aside money for future losses.
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Ginnie MBS Declines Slow in January

February 14, 2023
Brandon Ivey
Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.
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HFSC Chair Considered Pragmatic, Affable Despite Rhetoric

February 14, 2023
Dennis Hollier
After years spent in opposition, House Financial Services Committee Chair Patrick McHenry, R-NC, has used recent hearings to criticize various housing policies brought under Democrats.
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Non-QM Program, Three Years Dead, Haunts Sterling Bank

February 14, 2023
Brandon Ivey
Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.
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HomeLend, New Non-QM Conduit, Courting Foreign Investment

February 14, 2023
Paul Muolo
The new firm, based out of New York, matches investors and lenders and wants to enter the securitization space this year.
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GSE CRT Issuance Ends 2022 with a Thud

February 13, 2023
Dennis Hollier
Neither Fannie Mae nor Freddie Mac issued a traditional credit-risk sharing transaction in the fourth quarter.
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Rocket CEO Farner to Retire; Nonbank Looking for New Leader

February 13, 2023
Brandon Ivey
Bill Emerson will serve as interim CEO of Rocket companies.
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Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines

February 13, 2023
Paul Muolo and Brandon Ivey
Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.
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FHA, VA Urged to Adopt Automated Valuation Models

February 13, 2023
Monica Hogan
FHA, VA and Ginnie Mae should use automated valuation models to improve appraisals, according to recommendations published by the Urban Institute.
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