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 Paul Muolo and Brandon Ivey 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
MFA Stocks MBS with Cash-Out Refi IPLs February 7, 2023 Brandon Ivey The DSCR loans have an average interest rate of 7.0%.Read More
Dismissed: The CFPB's First Redlining Lawsuit Against a Nonbank February 6, 2023 Sam Manas Townstone argued that the ECOA’s prohibitions on discrimination against applicants don’t apply to prospective applicants.Read More
AGNC Turns a Profit in Final Quarter of Tough Year January 31, 2023 Brandon Ivey The profit generated in the fourth quarter wasn't nearly enough to offset losses from earlier in the year...Read More
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply January 27, 2023 Brandon Ivey AmeriHome's John Hedlund said MSR supply could surpass demand...Read More
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