Non-QM Lender Using AI to Help Parse Lending Guidelines December 31, 2024 James Dohnert The tool took A&D Mortgage six weeks to build the tool based on a commercial solution that was updated using information provided by the lender.Read More
Short Takes: Home Prices Up / Pending Home Sales Increase Slightly / HUD RFI on Property Insurance / Publishing Break December 31, 2024 Brandon Ivey Home prices increased by 0.4% on a monthly basis in October, according to the Federal Housing Finance Agency.Read More
CFPB Suit Against Rocket Almost Dead-on-Arrival? December 30, 2024 Paul Muolo Current CFPB Director Rohit Chopra is expected to be removed from his post on Jan. 20 when the new Trump White House begins...Read More
Correspondent Channel Ramps Up Nonconforming Originations December 27, 2024 James Dohnert Nonconforming mortgage originations in the correspondent channel increased from the second to the third quarter.Read More
CFPB Goes After Rocket for Alleged Kickback Scheme December 27, 2024 James Dohnert The CFPB alleges that Rocket Homes provided real estate brokers incentives for steering homebuyers to Rocket Mortgage.Read More
MBA Calls for Clarification of FHA Rental Income Proposal December 27, 2024 Monica Hogan The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.Read More
Investor Demand Could Drive HEL Originations in 2025 December 27, 2024 James Dohnert KBRA forecasts that non-agency securitizations of HELOCs and CES loans will increase next year.Read More
Short Takes: Housing Supply on the Rise / Mortgages in Forbearance Up / Rates Need to Decrease More to Encourage Refi Wave December 27, 2024 James Dohnert Housing supply is up 12% year-over-year.Read More
ARM Originations See Slight Rise in 3Q December 26, 2024 James Dohnert An estimated $60.00 billion of ARMs were originated in the third quarter, a 1.7% increase from the previous three-month period.Read More
Delinquencies Hit Three-Year High; Foreclosures Remain Contained December 26, 2024 James Dohnert ICE said that delinquencies have risen on a year-over-year basis for six consecutive months.Read More
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