CoreVest Senior Leaders Depart Three Years After Acquisition September 27, 2022 Brandon Ivey In other company changes, the REIT promoted Fred Matera to chief investment officer.Read More
Fannie Pilot Aims to Turn More Renters Into Owners September 27, 2022 Dennis Hollier Reporting of on-time rent payment history is designed to help tenants develop a better credit profile...Read More
Buybacks Spiked in 2Q22 September 26, 2022 John Bancroft Sellers repurchased 20.3% more GSE loans in 2Q22 than in the prior quarter.Read More
Fannie/Freddie Supers Production Ends Slide in August September 26, 2022 John Bancroft Although secondary securitizations fell 39.3% for the first eight months of 2022, production at both enterprises spiked in August.Read More
MISMO Updates Progress on UMDP September 26, 2022 Dennis Hollier At its fall summit, the Mortgage Industry Standards Maintenance Organization summarized upcoming changes to the uniform appraisal dataset and the uniform closing dataset.Read More
Short Takes: Florida Bank Shutters National Mortgage Business; GSE Economists Remain Bearish on Economic Growth; Federal Reserve Forecasts Slightly More Optimistic September 26, 2022 Dennis Hollier Rising interest rates continue to drag on housing and economic growth.Read More
Brokers Steamed at Fannie Mae Over TPO Fee September 23, 2022 Dennis Hollier The GSEs have discretion when setting prices so long as they meet minimum pricing guidance from their regulator...Read More
ICE's Purchase of Black Knight? Not a Done Deal by Any Means September 23, 2022 Sam Manas A few months back, the CHLA called on DOJ to conduct a comprehensive antitrust review of the deal...Read More
Trouble in the Fix-n-Flip Market? Not Yet… September 23, 2022 Paul Muolo The average gross profit on a fix-and-flip project in 2Q: $73,7000...Read More
Kroll Holds Lead in MBS Ratings, S&P Ups ABS Share September 23, 2022 John Bancroft Kroll held onto the top spot in rating non-agency MBS despite a 50.8% decline in quarterly volume.Read More