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Once Again, Mortgage Denial Rates Vary Among Racial Groups

October 10, 2019
Yemeng Yang

On purchase mortgages, African-Americans were denied 17.5% of the time compared to 8.0% for non-Hispanic whites…


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First-Time Home Buyer Business Up 20% in 3Q19, But Repeats Even Higher

October 10, 2019
John Bancroft

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…


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Mortgage Vendor Altisource Yanks the Cord on RE Advisory Unit

October 10, 2019
Paul Muolo

Altisource’s share price is trading near a 52-week low. The vendor’s largest client is Ocwen Financial, a mega nonbank that’s struggled with profitability…

 


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Depositories Stepped Up Retail Originations, Sales in 2Q19

October 9, 2019
John Bancroft

Overall, banks and thrifts sold $165.10 billion through their mortgage banking operations during the second quarter, up 34.5% sequentially…


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KBW: If Trump Isn’t Reelected, GSE Progress Could be Endangered

October 9, 2019
Paul Muolo

KBW this week significantly hiked its price target on Fannie/Freddie common to $3 and $4 a share, respectively. For years, KBW’s price target for GSE common was a mere $1.


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JPMorgan Readies Credit-Risk Transfer Deal Linked to Non-Agency Mortgages

October 9, 2019
Brandon Ivey

 Fitch said the referenced mortgages will remain on balance sheet as unencumbered assets of JPMorgan Chase.


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Freddie Single-Family Chief David Lowman Sets Departure Date

October 8, 2019
Dennis Hollier

Departing GSE executive David Lowman: “With over six years at Freddie Mac, I want to take advantage of opportunities presented by the rapidly evolving mortgage finance marketplace and its adjacent industries."


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Short Takes: FHFA Sets the ‘Deliverables’ / The Value of the Contract? / The Waiting is the Hard Part (Montgomery Nomination) / High Marks / Non-QM Lender Declares a Dividend

October 8, 2019
Paul Muolo and George Brooks

Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…


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Retail Channel Gains Market Share in the Agency Category

October 8, 2019
John Bancroft

The gain in retail market share came at the expense of both correspondent and wholesale-broker originations.


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Complaints Regarding Credit Reports Tip the Scales in New CFPB Tally

October 8, 2019
Yemeng Yang

However, it was a different picture in terms of complaints regarding credit reports…


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Latest Imf News

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  • Pennymac’s Earnings Decline in 4Q With Competition for Refis

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Featured Data

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More Featured Data

Featured Reports

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More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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