Short Takes: Senate Swiftly Passes Trigger Lead Bill / Rocket Ramps Up CES Securitization / Disaster Recovery Program in California / From Mortgage Stadium to Bounce House June 13, 2025 Brandon Ivey The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.Read More
CrossCountry Wins Close Race on Correspondent Sales in 2024 June 12, 2025 Namrata Bhatia CrossCountry sold 37.8% of its production to unaffiliated non-agency buyers in 2024.Read More
Chimera to Acquire Non-QM Lender HomeXpress June 12, 2025 Brandon Ivey The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.Read More
Fairway to Acquire Assets of Retail Lender Hallmark Home Mortgage June 12, 2025 Brandon Ivey Hallmark's production is focused on the Midwest and Southeast.Read More
Locks for Mortgages Decline in May, Including Purchase Loans June 12, 2025 Brandon Ivey Purchase-mortgage locks declined by 0.7% on a monthly basis.Read More
Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down June 12, 2025 Brandon Ivey UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.Read More
Chase’s Dimon Frustrated With Mortgage Market June 11, 2025 Brandon Ivey Dimon guessed that, overall, Chase has probably lost money on mortgages in the past 50 years.Read More
Subservicing Volume Increases Somewhat in First Quarter June 11, 2025 Paul Muolo Subservicers handled monthly processing work on 27.9% of outstanding residential loans as of the end of March.Read More
Trump’s Reassurances Calm GSE MBS Investors, for Now June 11, 2025 Dennis Hollier Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.Read More
eNote Usage Expected to Increase in Coming Years June 11, 2025 Brandon Ivey According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.Read More