Primary MI Activity Down at GSEs, Up at FHA in 3Q October 20, 2023 John Bancroft GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.Read More
DOJ, Ameris Bank Settle Redlining Allegations October 20, 2023 Sam Manas The settlement requires Ameris to issue $7.5 million in mortgage subsidies in majority-Black and Hispanic neighborhoods.Read More
Originations Increase at Western Alliance, Margins Shrink October 20, 2023 Brandon Ivey Volume up, margins down.Read More
Lender Trade Groups Seek Changes at Fed October 20, 2023 Dennis Hollier The Fed should change its ways to help reduce interest rates on mortgages, according to industry trade groups.Read More
Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC October 20, 2023 Brandon Ivey The DOJ has more than 24 investigations into redlining in progress.Read More
Delinquencies Increase in Agency Market October 19, 2023 Brandon Ivey The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.Read More
Ally Holds Originations Steady, Increases Profits October 19, 2023 Brandon Ivey The bank focuses on direct-to-consumer originations, with $267 million in production in the third quarter.Read More
Compliance Still a Concern With LOs Working Remotely October 19, 2023 Sam Manas Standards for remote work by loan originators vary by state.Read More
Morgan Stanley Enters Non-QM Market as MBS Issuer October 19, 2023 Brandon Ivey Morgan Stanley has issued a number of prime non-agency MBS in recent years.Read More
Short Takes: U.S. Bank Growing / Worse Than Expected / Home Prices Decline in CA October 19, 2023 Brandon Ivey U.S. Bank is making investments in its mortgage unit to drive growth.Read More
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