Change Readies Its Eighth MBS, the First Rated by Fitch May 22, 2023 James Dohnert The reason the loans are considered nonprime: a lack of income and employment verification.Read More
Jumbo Lending Drops in First Quarter May 19, 2023 John Bancroft Banks reduced their appetite for jumbos in the first quarter.Read More
Ginnie Issuance, MBS Payments Could Withstand U.S. Debt Default May 19, 2023 Monica Hogan If the U.S. defaults on its debts, Ginnie could still guarantee MBS and investors would still receive proceeds from the securities.Read More
Lenders’ Losses Narrow in First Quarter May 19, 2023 Brandon Ivey Originations remained a money-losing venture for many lenders in the first quarter, though the losses weren't quite as bad.Read More
Loan Application Denials Tied to DTI Issues Rise in 2022 May 19, 2023 Sam Manas Rising interest rates made it more difficult for loan applicants to meet DTI ratio requirements.Read More
Short Takes: CHLA Seeks Friendlier Buyback Policy / The Servicing Hedge / New eMSR Exchange / Spring Homebuying Season Starts When? May 19, 2023 Brandon Ivey CHLA called on the GSEs to offer indemnification rather than a repurchase request for any performing loan with defects.Read More
Deliveries to GSEs Increase in April May 18, 2023 Dennis Hollier GSE business increased in April on a monthly basis, including improvements among 84 of the top 100 GSE sellers.Read More
House Hearing Extends Debate on LLPA Changes May 18, 2023 Brandon Ivey Democrats largely support FHFA's recent LLPA changes, while Republicans are opposed.Read More
Low Housing Inventory Limiting Lenders May 18, 2023 Monica Hogan According to Zillow, there were 28.0% fewer new listings in April than a year ago.Read More
Court Sides with Ocwen in Dispute with CFPB May 18, 2023 Sam Manas Ocwen entered into a consent judgment with the CFPB that lasted from February 2014 to February 2017.Read More
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