Banks Add to Holdings of Agency Pass-Through Securities June 27, 2024 John Bancroft Holdings of agency pass-through securities at banks rose 8.6% during the first quarter to $398.47 billion.Read More
Congress Ponders Partial Claims Program for VA June 27, 2024 Monica Hogan John Bell, executive director of the VA Home Loan Guaranty Service, said the agency doesn’t support the partial claims bill without amendments.Read More
Nonprime Servicing Portfolios Tick Up in First Quarter June 27, 2024 James Dohnert Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.Read More
Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline June 27, 2024 Brandon Ivey New-home sales declined by 11.3% in May.Read More
Lenders Reduce Mortgage Securitization Usage in 1Q June 26, 2024 Brandon Ivey The decline was driven by loans eligible for sale to the government-sponsored enterprises along with FHA and VA mortgages.Read More
MSR Bids Not High Enough for Some Sellers June 26, 2024 Brandon Ivey Some planned MSR sales are being scrapped because the seller has the MSR marked at a higher level than the highest bid.Read More
HUD, White House Unveil PRO Housing Grantees June 26, 2024 Monica Hogan The grants are intended to help increase housing supply for renters and homeowners.Read More
MBS Backed by RTLs See Strong Investor Demand June 26, 2024 James Dohnert A new rating methodology boosts investor interest in fix-and-flip securitizations.Read More
Short Takes: Angel AI Announces Credit Repair Tool / HGI Credit Platform Reaches Milestone / Xactus Hires CFO / Mortgage Apps Up June 26, 2024 James Dohnert The AI chatbot tool is available now in various languages…Read More
Brokers Gain Nonconforming Market Share in 1Q June 25, 2024 Brandon Ivey A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.Read More
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