Short Takes: What If: The 5% FRM / Looking Sideways at the Fed / A Rate Comparison / About That Vacation Home / The Thompson Nomination Advances March 18, 2022 Dennis Hollier and Paul Muolo In case you haven't noticed: Jumbo rates continue to be cheaper than Fannie/Freddie rates...Read More
The Decline in Home Equity Lending Continues Unabated March 17, 2022 Dennis Hollier There's been scattered talk that some nonbanks might soon launch second-lien products...Read More
Attorneys: DOJ Self-Referring Redlining Investigations March 17, 2022 Sam Manas A DOJ spokesperson declined to comment on the matter.Read More
A Huge Non-QM MBS From ICP March 17, 2022 Brandon Ivey In general, non-QM lenders are expecting strong originations in 2022 but...Read More
As Better Pines for Public Ownership, Lender Hires ‘Chief People’ Person March 17, 2022 Paul Muolo Before Better, Benson-Armer served as a senior partner at McKinsey...Read More
Wholesale Giant UWM Branches Out Into Bank Statement Loans March 16, 2022 Brandon Ivey and Paul Muolo UWM first dipped a toe into the non-QM market in December 2021, launching an interest-only offering...Read More
Lower Profits for Angel Oak's REIT. Reason: Higher Rates March 16, 2022 Brandon Ivey For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.Read More
What's Rocket Going to Do With All That Cash? (Buy MSRs) March 16, 2022 Paul Muolo Rocket has been described by some as a sophisticated investor in mortgage servicing rights...Read More
Condo Groups Seek Delay of Fannie/Freddie Standards March 16, 2022 Dennis Hollier Industry representatives have described the new Fannie/Freddie requirements as draconian...Read More
CSBS Hopes to Avoid Another LO License Renewal Mess March 16, 2022 Sam Manas The high latency rate was due to the sheer volume of LO license renewals...Read More
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