Banks Tapping Fed Program to Help With Low-Value MBS June 29, 2023 Brandon Ivey The Fed’s Bank Term Funding Program allows banks to receive loans on favorable terms for the face value of agency MBS and Treasury securities.Read More
Mortgage Companies Look to Tech for Help on Costs June 29, 2023 James Dohnert Both lenders and servicers are looking into automation to help reduce costs.Read More
Short Takes: FHA Updates Multifamily Loan Limit / Minority Borrowers Recovering After Forbearance / HPA Outpacing Wage Growth / Home Price Outlook June 29, 2023 Brandon Ivey FHA is making moves on multifamily loans...Read More
GSE Buyback Activity Up Slightly in First Quarter June 28, 2023 John Bancroft Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
First-Time Homebuyers Facing Challenges June 28, 2023 Monica Hogan A household would need an annual income of $117,000 to afford a median-priced home, 20% more than a year earlier.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Mortgage Securitization Rate Continues Slide June 27, 2023 John Bancroft As originations decline, the securitization rate shrinks.Read More
CFPB, Payment Provider Settle Over Erroneous Mortgage Payments June 27, 2023 Sam Manas The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.Read More
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