HFSC Chair Considered Pragmatic, Affable Despite Rhetoric February 14, 2023 Dennis Hollier After years spent in opposition, House Financial Services Committee Chair Patrick McHenry, R-NC, has used recent hearings to criticize various housing policies brought under Democrats.Read More
Non-QM Program, Three Years Dead, Haunts Sterling Bank February 14, 2023 Brandon Ivey Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.Read More
HomeLend, New Non-QM Conduit, Courting Foreign Investment February 14, 2023 Paul Muolo The new firm, based out of New York, matches investors and lenders and wants to enter the securitization space this year.Read More
GSE CRT Issuance Ends 2022 with a Thud February 13, 2023 Dennis Hollier Neither Fannie Mae nor Freddie Mac issued a traditional credit-risk sharing transaction in the fourth quarter.Read More
Rocket CEO Farner to Retire; Nonbank Looking for New Leader February 13, 2023 Brandon Ivey Bill Emerson will serve as interim CEO of Rocket companies.Read More
Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines February 13, 2023 Brandon Ivey and Paul Muolo Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.Read More
FHA, VA Urged to Adopt Automated Valuation Models February 13, 2023 Monica Hogan FHA, VA and Ginnie Mae should use automated valuation models to improve appraisals, according to recommendations published by the Urban Institute.Read More
Short Takes: Rate Locks Increase / Lenders on the Sidelines February 13, 2023 Brandon Ivey After nine months of declines, rate locks increased in January.Read More
Two Harbors Takes Loss in 4Q22 Amid Agency MBS Volatility February 9, 2023 Brandon Ivey The REIT invests in both agency MBS and mortgage servicing rights.Read More
Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More