Out at Blend: President Tim Mayopoulos, Two Other Executives... January 13, 2023 Dennis Hollier The former Fannie CEO will exit in the midst of a major restructuring for the mortgage fintech.Read More
City National Bank Agrees to Record $31 Million Redlining Settlement January 13, 2023 Sam Manas City National Bank said it disagreed with the allegations, but settled anyway...Read More
Redwood Back in the Jumbo MBS Market After Long Absence January 12, 2023 Brandon Ivey Loans in the new jumbo MBS have seasoned for an average of six months...Read More
GSE Loan Purchases Head South, 4Q Volume at Just $159 Billion January 10, 2023 Dennis Hollier Among nonbanks, the larger shops saw their slice of the pie grow by two percentage points.Read More
UWM Expands Rate-Buydown Options January 10, 2023 Namrata Bhatia The Michigan mortgage giant is one of several major lenders gambling that the opportunity to lower rates will attract more homebuyers.Read More
On the CFPB's Agenda: Nonbank Rulemaking, More... January 10, 2023 Sam Manas The first proposal would require nonbanks to register with the bureau if they become subject to a public enforcement order.Read More
Redfin: Lenders Lose Market Share on Purchase Deals January 10, 2023 Brandon Ivey Cash sales have gained market share during a time when mortgage financing typically increases...Read More
Short Takes: SCOTUS Nixes Takings Appeal / Home Purchase Sentiment Ticks Up Slightly / Judge Tosses AML Countersuit In UWM Case January 10, 2023 Dennis Hollier SCOTUS declines appeal of net worth sweep case, effectively ending GSE shareholders' takings argument.Read More
Turn Time Slows with Annaly’s Latest Non-QM MBS January 6, 2023 Brandon Ivey Loans in the new MBS have seasoned for an average of 5.4 months.Read More
Short Takes: It’s Over, Finally (2022) / By the Numbers / Once the Rightsizing Is Over… / $1.3 Trillion / Rising Inventory / A Day Off December 30, 2022 Paul Muolo There’s an argument to be made that once the tough job of right-sizing is over, profit margins will once again normalize...Read More
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