CFPB Confirms It’s Worth Shopping for a Mortgage May 25, 2023 Brandon Ivey The CFPB found a wide range of interest rates on mortgages originated in 2021 among the top 20 lenders.Read More
FHA Welcomes Increased Condo Lending May 25, 2023 Monica Hogan FHA last updated the rules for its condo approval process in late 2019 and encourages feedback from industry.Read More
Short Takes: New Jumbos From United Wholesale / A Sliver of Hope for Home Sales / AAA Rating at Risk May 25, 2023 Brandon Ivey United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
Democrats Nowhere Near Housing Finance Reform May 24, 2023 Brandon Ivey Members of Congress on both sides of the aisle compared the conservatorship of the GSEs to that of Britney Spears.Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
Proposals to Help Nonbank Ginnie Servicers May 24, 2023 Paul Muolo The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.Read More
Short Takes: Applications Decline / ABA Calls for GSE Legislation / Second-Lien Securitization / Risky Areas May 24, 2023 Brandon Ivey Demand for mortgages declined as interest rates ticked up.Read More
First Republic Topped Jumbo Lenders Before Demise May 23, 2023 James Dohnert For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.Read More
Thompson: GSE Pricing Grids Were Outdated May 23, 2023 Brandon Ivey Thompson was the sole witness at a hearing by the House Financial Services Committee.Read More
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