Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A September 13, 2023 Brandon Ivey and Paul Muolo Demand for refis fell to a level seen at the beginning of the year...Read More
Expanded-Credit Originations Up in Second Quarter September 12, 2023 James Dohnert Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.Read More
FHFA Extends Timeline for GSE Credit Scoring Change September 12, 2023 Brandon Ivey The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.Read More
MBA’s Profits Increase in Fiscal Year 2022 September 12, 2023 Paul Muolo The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.Read More
SFA Making Progress on Non-Agency MBS Disclosure Revisions September 12, 2023 Brandon Ivey SFA is close to offering a first iteration of the revisions, which will focus on prime jumbo MBS.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
Rocket Readies Another Closed-End Second-Lien MBS September 11, 2023 James Dohnert The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...Read More
VA Won’t Re-Open Formal Comment Process on Servicing Effort September 11, 2023 Monica Hogan The VA said the program was being developed within its existing regulatory authority, which means the Administrative Procedures Act would not apply.Read More
First-Time Homebuyer Share Increases in 2Q September 8, 2023 John Bancroft Some $121.38 billion of mortgages to first-time homebuyers were included in agency mortgage-backed securities issued during the second quarter, up 41.4% from the first quarter.Read More
Freddie CEO Michael DeVito to Retire September 8, 2023 Dennis Hollier Michael Devito's departure means Freddie will be conducting its third CEO search in four years.Read More