United Wholesale Rolls Out Non-QM Product December 2, 2021 Brandon Ivey While IOs are non-QMs, UWM isn’t necessarily going down the credit scale...Read More
Fannie Goes Inhouse and Names a New CFO December 2, 2021 Dennis Hollier Controller Chryssa Halley to run financial team at the mortgage giant.Read More
Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Lenders Eye Non-QMs as a Replacement for Refi Business December 1, 2021 Brandon Ivey A&D Mortgage: “With conventional rates on the rise again, now is a perfect time to reconsider non-QMs"...Read More
A Credit Union Joins the Warehouse Lending Club December 1, 2021 Paul Muolo So, what’s PenFed doing in the warehouse — and correspondent — business?Read More
Banks Report Strong Gain in ABS Holdings During 3Q21 December 1, 2021 John Bancroft The biggest move in auto ABS was made by KeyBank, which added $2.82 billion of these assets to its investment portfolio...Read More
FHFA Rolls Out 2022 Conforming Loan Limits. High Cost Areas Just Shy of $1M November 30, 2021 Dennis Hollier An 18.05% year-over-year increase in home prices means Fannie and Freddie will be able to purchase loans as high as $970,080 in 2022.Read More
MBA: Lending Profits Improve but Expenses Continue to be a Problem November 30, 2021 Paul Muolo MBA's Marina Walsh noted, “Per-loan production expenses continued to rise for the fifth consecutive quarter, reaching the second-highest level ever reported.”Read More
Banks' Mortgage Banking Income Rebounds in 3Q21 November 30, 2021 Call-report data suggest the industry saw gains on both servicing and loan sales...Read More
Prime Non-Agency MBS Issuance Ramps Up With Three Deals November 30, 2021 Brandon Ivey Goldman Sachs, New Residential Investment and Redwood Trust offered non-agency MBS on Nov. 29.Read More
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