Acra Lending Collaborates With Money Manager for Non-QMs May 10, 2024 Paul Muolo The Irvine, CA-based lender has teamed up with a money manager to buy non-QMs.Read More
Guild Boosts Originations and Earnings in First Quarter May 10, 2024 Brandon Ivey Guild generated a profit of $28.4 million in the first quarter of 2024.Read More
Short Takes: Ishbia Downplays Pricing Initiatives / Jumbo MBS From Goldman / Sachem's Revenue Up / Fannie Picks NPL Sale Winner May 10, 2024 Shannon Clark and Brandon Ivey Goldman markets a new jumbo loan, Fannie releases results of a non-performing loan sale, Sachem's revenue grows in the first quarter and UWM's CEO downplays pricing initiatives.Read More
Fannie, Freddie Earnings Impacted by Interest Rates May 9, 2024 Dennis Hollier Fannie and Freddie are facing portfolio losses due to the mortgage market.Read More
UWM Earnings Increase in First Quarter May 9, 2024 Shannon Clark UWM returned to a positive net income during the first quarter of 2024.Read More
SEC Evaluates FINRA Rule Shortening MBS, ABS Reporting Timeframe May 9, 2024 Brandon Ivey If the rule is adopted, ABS and MBS reporting timeframes will tighten.Read More
CFPB-Submitted Consumer Complaints Reach Historic High in Q1 May 9, 2024 Shannon Clark Credit reporting issues took the top spot for consumer complaints submitted in the first quarter.Read More
Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT May 9, 2024 Brandon Ivey To this point, access to Fannie's income-calculation tool was only available through third parties.Read More
Agency MBS Issuance Increases in April; Refis Down May 8, 2024 John Bancroft The increase was driven by purchase mortgages, with volume up 11.3% on a monthly basis to $67.87 billion.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
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