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Short Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake

February 28, 2024
Brandon Ivey
Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.
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Bank Holdings of MBS Increase in Fourth Quarter

February 27, 2024
John Bancroft
Holdings of residential MBS at banks increased by 5.6% in the fourth quarter of 2023, ending a two-year decline.
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GSE Conservatorship Not Expected to End Anytime Soon

February 27, 2024
James Dohnert
Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.
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CFPB Officials Scrutinize Appraisal Foundation

February 27, 2024
Shannon Clark
CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.
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MSR Fair Value Changes Prompt Loss for Ocwen

February 27, 2024
Brandon Ivey
Disregarding changes in MSR values, Ocwen's servicing business was profitable in 2023 while the nonbank's origination business broke even.
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Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock

February 27, 2024
Brandon Ivey
The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.
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First-Time Homebuyer Share Increases in Agency Market

February 26, 2024
John Bancroft
The agencies securitized a combined $439.25 billion of first-time buyer loans in 2023, which represented 52.8% of agency purchase-loan business.
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Bank CRT Activity Expected to Increase

February 26, 2024
Brandon Ivey
To this point, the deals have been more frequent in Europe than in the U.S.
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GSE Servicers Face New Requirements on Property Insurance

February 26, 2024
Dennis Hollier
The GSEs are looking to ensure servicers have policies and procedures in place that require borrowers continuously maintain property insurance.
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Compliance Issues a Concern for MSR Owners

February 26, 2024
Monica Hogan
Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.
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Latest Imf News

  • FHA Mortgages Push Agency MBS Delinquency Rate Higher

  • Lower Interest Rates Boost Refis, Prepayments

  • Investor Demand Helps Drive Down Rates on DSCRs

  • Expanded-Credit MBS Issuance Picks Up Pace

More Imf News

Featured Data

  • Rocket/Mr. Cooper Top UWM With GSE Deliveries

  • Lenders Shift GSE Business to Higher Quality in Fourth Quarter

  • Agency Refi Business With MI Spikes in Fourth Quarter

  • RMBS Issuance Ends Banner Year With Modest Decline

More Featured Data

Featured Reports

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Agency Channel Analysis: 3Q25 (PDF)

  • Mortgage Profitability Report 3Q25 (PDF)

  • Top Mortgage Players: 3Q25 (PDF)

More Latest Reports

Featured Poll

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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