CFPB Fields Renewed Requests on LO Compensation May 12, 2023 Sam Manas The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.Read More
Verus Brings Large Expanded-Credit MBS May 12, 2023 James Dohnert Invictus Capital Partners’ Verus Mortgage Capital is set to issue its fourth expanded-credit MBS of the year.Read More
FHFA Backs Down on Planned DTI Fee May 11, 2023 Dennis Hollier The controversial fee was set to take effect Aug. 1.Read More
Mr. Cooper to Acquire Home Point and its MSRs May 11, 2023 Paul Muolo The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Bank Failures Weighing on Agency MBS Investors May 11, 2023 Brandon Ivey Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
loanDepot Books Loss in First Quarter, Margins Improve May 10, 2023 Paul Muolo Originations declined, margins improved, but a loss was still in the cards for the first quarter.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
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