Denial Rates Increase in 2022; Elevated at Wells May 17, 2023 Brandon Ivey Denials of mortgage applications increased as interest rates rose in 2022.Read More
loanDepot Institutes Return-to-Office Policy; More Layoffs? May 17, 2023 Paul Muolo loanDepot has shed 5,220 positions over the past year...Read More
Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks May 17, 2023 Brandon Ivey Everything was going relatively well at First Republic, until it wasn't...Read More
Republicans in Congress Critical of FHFA Pricing Policies May 17, 2023 Dennis Hollier A house hearing Wednesday will focus on GSE pricing changes prompted by the FHFA.Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
Banks’ Mortgage Earnings Improve in First Quarter May 16, 2023 John Bancroft Mortgage earnings at banks bounced back after a dismal fourth quarter.Read More
FHFA Considers Revisions to GSE Pricing May 16, 2023 Brandon Ivey FHFA issued a request for input regarding the framework that applies to pricing single-family mortgages delivered to the GSEs.Read More
Industry Warns of Major Issues Stemming From CFPB at Supreme Court May 16, 2023 Sam Manas Mortgage and real estate industry trade groups filed an amicus brief with the Supreme Court arguing that any ruling on the Consumer Financial Protection Bureau's funding should not affect all CFPB rules.Read More
GSEs Pause NPL/RPL Sales Amid Pressure From Congress May 16, 2023 Dennis Hollier There's been no formal announcement, though the pause looks to be tied to concerns from members of Congress.Read More
Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles May 16, 2023 Brandon Ivey and Paul Muolo About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...Read More
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