Ginnie and FHFA Release Mostly Simpatico Eligibility Requirements for Servicer/Issuers August 17, 2022 Dennis Hollier and Paul Muolo There are no stunning changes on the required capital minimums...Read More
Angelo Gordon Unit Stocks GSE-Eligible Loans Into Non-Agency MBS August 17, 2022 Brandon Ivey It's the first non-agency MBS with GSE-eligible mortgages for investment properties since May.Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
On the Comeback Trail: Assumable Mortgages? August 17, 2022 Monica Hogan HUD: “In the current rate environment, the assumability feature of FHA-insured mortgages is receiving greater attention.”Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
The Decline in GSE MBS Issuance Slows in July August 16, 2022 Dennis Hollier The top three GSE MBS issuers in July: Rocket Mortgage, UWM and PennyMac Financial, all nonbanks...Read More
Red Ink, Layoffs the Order of the Day at Mortgage Vendor Blend August 16, 2022 Paul Muolo The San Francisco-based tech vendor also revealed that it decided to eliminate 220 full-time positions...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
When the Going Gets Tough in Mortgages, Some Banks Partner With Rocket August 16, 2022 Brandon Ivey The alliance offers Santander a chance to evolve its business without added costs...Read More
It's Official: Ginnie Loosens Capital Standards for Credit Unions August 15, 2022 Monica Hogan Meanwhile, a senior Ginnie official said the agency will have more to say about capital requirements for nonbanks in the very near future...Read More
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