Annaly Expands Non-Agency Acquisitions with Launch of Conduit August 18, 2021 Brandon Ivey Previously, Annaly was predominantly sourcing non-QMs from aggregators rather than directly from lenders. Read More
Short Takes: Mortgage Applications Decrease / Refis Still Popular / SFA Requires Proof of Vaccination / Lender Rebrands / Correction August 18, 2021 Brandon Ivey Refi inquires declined by 5% on a weekly basis while purchase-mortgage applications were off by 1%...Read More
FHA Lending Up, VA Down in Second Quarter August 17, 2021 John Bancroft VA Interest Rate Reduction Refinance Loan volume declined by nearly 40% in the second quarter.Read More
United Wholesale Planning to Accept Cryptocurrency for Mortgage Payments August 17, 2021 Brandon Ivey Some lenders have allowed borrowers to use cryptocurrency to make downpayments or as part of the calculation of a borrower’s assets, but none appear to allow monthly mortgage payments with bitcoin yet.Read More
Bayview, Morgan Stanley Offer Separate Non-Agency MBS August 17, 2021 Brandon Ivey The top contributor to both MBS is CrossCountry Mortgage.Read More
CFPB Prevails in $51 Million Dispute with Payday Lender August 17, 2021 Lisa Burden Integrity Advance and its CEO James Carnes had argued that the CFPB’s order isn’t valid and enforceable.Read More
Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases August 17, 2021 Brandon Ivey The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...Read More
United Wholesale’s Income and Margins Drop Sharply in Second Quarter August 16, 2021 Brandon Ivey The wholesale lender's originations increased by 20% compared with the first quarter while income fell 84%.Read More
Industry Group Criticizes Low Executive Pay at GSEs August 16, 2021 Dennis Hollier RFI on pay at the enterprises gets scant attention.Read More
Short Takes: Moratorium Fights / UWM Stems GOS Tide August 16, 2021 Dennis Hollier The CDC's extended eviction moratorium survives another court ruling but trade groups vow to keep fighting.Read More