CFPB Ends Medical Debt, UDAAP Lawsuits May 2, 2025 Shannon Clark The bureau reached agreements earlier this week to resolve two lawsuits.Read More
Secondary-Market Demand for Non-QMs Improves May 2, 2025 Paul Muolo Steve Harris, president of MIAC Analytics, noted that plenty of investors are interested in non-QMs, helping to keep prices elevated.Read More
Short Takes: Ginnie Limiting Buydown Deliveries / PennyMac Upsizes Debt Offering / Flurry of Non-Agency MBS / Profits Down Slightly at BPL Lender May 2, 2025 Brandon Ivey Ginnie Mae is instituting a temporary 10% cap on the share of mortgages with buydowns delivered into multiple issuer pools of Ginnie MBS.Read More
Lower Revenues, but Steady Profit at Freddie May 1, 2025 Dennis Hollier FHFA Director Bill Pulte didn't participate in Freddie's first-quarter earnings call, as he did for Fannie's on Wednesday, but his presence was felt.Read More
Lenders Push Lower-LTV-Ratio Refis to GSEs in 1Q May 1, 2025 Brandon Ivey The share of refis with low loan-to-value ratios delivered to the GSEs increased in the first quarter of 2025.Read More
Income Drops at Annaly in First Quarter May 1, 2025 Brandon Ivey The REIT had $130.3 million of net income in the first quarter, down 72.5% compared with the previous quarter.Read More
Redwood’s Earnings Improve With Gain on Investments May 1, 2025 Brandon Ivey “A decline in interest rates resulted in higher valuations,” Redwood noted.Read More
Short Takes: House Committee Approves Large Cut to CFPB’s Budget / Pending Home Sales Up / Large Nonbanks in Good Spot / New Expanded-Credit MBS From Ares May 1, 2025 Brandon Ivey The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.Read More
UWM Moving Servicing Function In-House April 30, 2025 Paul Muolo UWM presently uses two subservicing vendors to handle its monthly processing chores: Cenlar FSB and Mr. Cooper, the latter of which is being sold to Rocket.Read More
Fannie Earnings Stable in First Quarter April 30, 2025 Dennis Hollier FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.Read More