Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
Non-Agency MBS Issuance Declines in Second Quarter July 18, 2023 James Dohnert Several usually active issuers had no issuance in the second quarter, including Angelo Gordon, Ellington Financial REIT and Redwood Trust.Read More
Home Lending Spikes at BofA in Second Quarter July 18, 2023 Paul Muolo At June 30, BofA held $228.8 billion of first-lien residential mortgages on its books. The average yield: 2.98%...Read More
HUD Proposes Tougher Standards for FHA Loan Investors July 18, 2023 Brandon Ivey HUD proposed applying certain requirements for approved FHA lenders/servicers to entities that invest in FHA mortgages.Read More
House Republicans Push Lower Funding Levels for HUD July 18, 2023 Monica Hogan The budget proposal would eliminate several HUD programs and makes deep cuts to others.Read More
Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations July 18, 2023 Brandon Ivey FirstBank's mortgage division generated small profits in May and June.Read More
The Passing of Countrywide Co-Founder Angelo Mozilo July 17, 2023 Paul Muolo Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation. Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Agency MBS Issuance Increases After Nine Quarterly Declines July 14, 2023 John Bancroft The GSEs outpaced Ginnie in terms of growth in MBS issuance in the second quarter.Read More
Originations Jump at Chase in Second Quarter; Wells Also Up July 14, 2023 Brandon Ivey Chase nearly doubled its mortgage originations on a quarterly basis in the second quarter.Read More
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