CHLA Asks for Full Funding for FHA, Ginnie April 27, 2023 Monica Hogan The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.Read More
Annaly Takes Large Loss in First Quarter Amid Volatility April 27, 2023 Brandon Ivey While the first quarter didn't go much better than the fourth quarter, officials at the REIT suggest better times are ahead.Read More
NYSE Stops Trading of Impac Mortgage’s Stock April 27, 2023 Brandon Ivey Impac's stock was trading at $0.22 per share when trading was suspended.Read More
Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
Expanded-Credit MBS Issuance Rebounds in First Quarter April 26, 2023 James Dohnert Invictus Capital Partners was the top issuer of expanded-credit MBS in the first quarter of 2023.Read More
Mr. Cooper Goes on Acquisition Spree: MSRs and Rushmore April 26, 2023 Paul Muolo The nonbank is set to acquire mortgage servicing rights and the servicing operations of Rushmore Loan Management.Read More
Federal Regulators Issue Warning on Use of Automated Systems April 26, 2023 Brandon Ivey CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.Read More
VA Expands Scope of Loan Conference April 26, 2023 Monica Hogan “There’s nothing like being in a room and being able to discuss what are the hiccups, where from a policy standpoint can we do better,” said John Bell, executive director of the VA loan guaranty program.Read More
Short Takes: First Republic Reaction / Potential Sale or FDIC Intervention? / Applications Buck Interest Rates April 26, 2023 Brandon Ivey First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.Read More
Mortgage Insurance Activity Declines in First Quarter April 25, 2023 John Bancroft Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.Read More