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Freddie's Profits Increase Thanks to Home Price Gains

August 2, 2023
Dennis Hollier
Higher home prices allowed the enterprise to shift from a $395 million provision for credit losses in the first quarter to a $537 million benefit in the second.
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Profits Jump at Rithm; Capital Requirements a Tailwind

August 2, 2023
Brandon Ivey
The real estate investment trust expects to benefit from higher capital requirements for large banks.
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ABS Issuance Increases in Second Quarter

August 2, 2023
John Bancroft
ABS issuance increased by 17.4% in the second quarter, driven by auto deals.
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Sterling Bank Moving Past Non-QM Troubles

August 2, 2023
James Dohnert
Fraud in a non-QM program nearly toppled Sterling Bank and Trust.
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Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge

August 2, 2023
Brandon Ivey
Applications for purchase mortgages fell to a level last seen in early June.
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Expanded-Credit MBS Issuance Down in Second Quarter

August 1, 2023
James Dohnert
Issuance declined by 22.9% on a quarterly basis in the second quarter.
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Home Price Growth Buoys Fannie Earnings

August 1, 2023
Dennis Hollier
The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.
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Two Harbors Swings to Profit in Second Quarter

August 1, 2023
Brandon Ivey
Two Harbors recovered after a large loss in the first quarter.
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Congress Divided on HUD Funding for FY 2024

August 1, 2023
Monica Hogan
The House is seeking lower funding levels for HUD and a September deadline is fast approaching.
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Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance

August 1, 2023
Brandon Ivey
ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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