FHA Adds 40-Year Loan Option for COVID-19 Recovery April 19, 2022 Monica Hogan Earlier this month, FHA issued proposed rule-making for a permanent 40-year loan option and is taking comments through May 31.Read More
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS April 18, 2022 Brandon Ivey On the other hand, United Wholesale Mortgage, the top contributor to prime non-agency MBS in 2021, avoided the market entirely...Read More
Lower Originations, Consumer Earnings at Bank of America April 18, 2022 Paul Muolo In the home equity department, BofA funded $2.04 billion compared to $1.70 billion in the fourth quarter.Read More
Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire April 18, 2022 Brandon Ivey One MBA official said currently only 15 states allow for remote work permanently...Read More
Shut for Repairs: FHA's Loan Review System April 18, 2022 Monica Hogan FHA estimates access to the LRS will be restored by April 25...Read More
Expanded-Credit Deals Prop Up RMBS Issuance in 1Q22, Prime Jumbo Fades April 15, 2022 John Bancroft Prime non-agency MBS issuance fell 16.3% in the first quarter to $20.87 billion.Read More
Nonbank A-Paper Giants Ready to Test the Non-QM Market? April 15, 2022 Paul Muolo It was thought that once UWM made the move, several of its nonbank competitors would jump on the bandwagon...Read More
Lenders Far and Wide Slam 'Junk Fees' Rule April 15, 2022 Sam Manas MBA believes the proposal would "only serve to add complexity and cost to lender operations and confuse consumers"...Read More
Additional Servicing Auctions Come to Light April 15, 2022 Paul Muolo The odds of these receivables refinancing anytime soon? Probably not very high.Read More
Nonbank Agency MSR Share: North of 61% April 14, 2022 John Bancroft Nonbanks continued their dominance in the MSR sector, a fact that likely keeps some federal regulators up at night...Read More
RSS