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FHFA Plans Changes for Federal Home Loan Banks

October 6, 2023
Brandon Ivey
After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.
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Broeksmit Calls for Explicit Guidance From Fed on Rates

October 6, 2023
Brandon Ivey
MBA's leader called on the Fed to provide some certainty to financial markets.
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MBS Investors Facing Margin Calls

October 6, 2023
Paul Muolo
REITs that invest in MBS likely have been getting margin-called from repo lenders.
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Short Takes: Drivers of Rising Interest Rates / Fannie Selling NPLs / Home Values Up Across the Country

October 6, 2023
Brandon Ivey
Various factors are to blame for rising interest rates on mortgages...
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Bank Holdings of Mortgages for Sale Increase

October 5, 2023
Brandon Ivey
Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.
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Freddie Working to Connect Borrowers With Downpayment Assistance

October 5, 2023
Monica Hogan
“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.
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Movement Mortgage Jumps Ahead With Newer FICO Model

October 5, 2023
Brandon Ivey
While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.
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California Dominates Lending by Nonbanks

October 5, 2023
Brandon Ivey
The amount of mortgages nonbanks originated in California in 2022 was more than double the volume in the second-ranked state.
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Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus

October 5, 2023
Brandon Ivey
Rate locks were down across mortgage products in September, including a large drop in cash-out refis.
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Supreme Court Justices Express Some Sympathy for CFPB

October 4, 2023
Brandon Ivey
Justices appointed by Republican presidents were among those who expressed some skepticism about arguments offered by the Community Financial Services Association of America.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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