Profits Jump at Rithm; Capital Requirements a Tailwind August 2, 2023 Brandon Ivey The real estate investment trust expects to benefit from higher capital requirements for large banks.Read More
ABS Issuance Increases in Second Quarter August 2, 2023 John Bancroft ABS issuance increased by 17.4% in the second quarter, driven by auto deals.Read More
Sterling Bank Moving Past Non-QM Troubles August 2, 2023 James Dohnert Fraud in a non-QM program nearly toppled Sterling Bank and Trust.Read More
Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Expanded-Credit MBS Issuance Down in Second Quarter August 1, 2023 James Dohnert Issuance declined by 22.9% on a quarterly basis in the second quarter.Read More
Home Price Growth Buoys Fannie Earnings August 1, 2023 Dennis Hollier The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.Read More
Two Harbors Swings to Profit in Second Quarter August 1, 2023 Brandon Ivey Two Harbors recovered after a large loss in the first quarter.Read More
Congress Divided on HUD Funding for FY 2024 August 1, 2023 Monica Hogan The House is seeking lower funding levels for HUD and a September deadline is fast approaching.Read More
Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance August 1, 2023 Brandon Ivey ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.Read More
FHA and VA Delinquencies Rise in Second Quarter July 31, 2023 Monica Hogan The uptick was more pronounced for FHA mortgages.Read More
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