Short Takes: CFPB Warns of Underinsurance for Flood Risk / FHA Adjusts on In-Home Rental Income / Home Price Appreciation Picks Up / Homebuilder Sees Stronger Demand January 14, 2025 Brandon Ivey The CFPB suggested that First Street Foundation does a better job of identifying flood risk than the Federal Emergency Management Agency.Read More
California Wildfire Damage Estimates Rise to Over $250 Billion January 13, 2025 James Dohnert KBRA said 24 of its rated RMBS transactions have more than 5% exposure to properties located in the counties affected by the LA fires.Read More
Short Takes: Lower Asking Prices in Hot Markets? / To Quote Corleone / MSRs for Sale / CA Regs and BPLs / Xome Chief to Retire January 13, 2025 Paul Muolo Phoenix Capital is auctioning off a $661 million portfolio of conventional mortgage servicing rights.Read More
Agency MBS Issuance Rises in 4Q, Refis Trail Off by Yearend January 10, 2025 John Bancroft Deliveries of rate-term refinances into agency MBS declined by almost 40% on a monthly basis in December.Read More
California Property Insurance Coverage Seen as Sufficient January 10, 2025 Brandon Ivey Property insurance costs are expected to increase due to the LA-area fires.Read More
PennyMac Inks Large MSR Financing Deal With Citi January 10, 2025 Paul Muolo The maximum principal balance of the transaction, known as Series 2024-VF2, is $1 billion and the aggregate committed amount is $500 million.Read More
Calabria Suggests Legislative Actions to Reform GSEs January 10, 2025 Dennis Hollier If Congress takes up GSE reform, Mark Calabria, who served as director of the Federal Housing Finance Agency during the first Trump administration, has some suggestions.Read More
Short Takes: Turner’s Confirmation Hearing / FHA Revises Partial Claim Payoff Proposal / Real Estate Investors Eye Tariffs, Immigration / STACR Issuance From Freddie January 10, 2025 Brandon Ivey The nomination hearing for Scott Turner to lead HUD is scheduled for Jan. 16.Read More
Ally to Exit Mortgage Origination Business, Again January 9, 2025 Brandon Ivey While the bank was a big player in the mortgage market before the financial crisis of 2008, its mortgage business has been limited more recently.Read More
State Regulators Fine Bayview for Cybersecurity Issues January 9, 2025 Shannon Clark The company allegedly failed to fully cooperate with state regulators following a data breach.Read More