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Lender Trade Groups Seek Changes at Fed

October 20, 2023
Dennis Hollier
The Fed should change its ways to help reduce interest rates on mortgages, according to industry trade groups.
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Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC

October 20, 2023
Brandon Ivey
The DOJ has more than 24 investigations into redlining in progress.
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Delinquencies Increase in Agency Market

October 19, 2023
Brandon Ivey
The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.
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Ally Holds Originations Steady, Increases Profits

October 19, 2023
Brandon Ivey
The bank focuses on direct-to-consumer originations, with $267 million in production in the third quarter.
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Compliance Still a Concern With LOs Working Remotely

October 19, 2023
Sam Manas
Standards for remote work by loan originators vary by state.
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Morgan Stanley Enters Non-QM Market as MBS Issuer

October 19, 2023
Brandon Ivey
Morgan Stanley has issued a number of prime non-agency MBS in recent years.
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Short Takes: U.S. Bank Growing / Worse Than Expected / Home Prices Decline in CA

October 19, 2023
Brandon Ivey
U.S. Bank is making investments in its mortgage unit to drive growth.
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Smaller Lenders Gain Some GSE Market Share

October 18, 2023
Dennis Hollier
Small to mid-sized nonbanks accounted for 24.7% of GSE business in the third quarter, up from a 23.1% share in the second quarter.
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Industry Rally Cry Heard at MBA Show: Stay Alive Til ’25

October 18, 2023
Monica Hogan
Susan Wachter, a real estate and finance professor at the Wharton School of the University of Pennsylvania, said it must be the industry’s new mantra.
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Originations Down Almost 18% at U.S. Bank

October 18, 2023
Paul Muolo
U.S. Bank's servicing-for-others portfolio fell to $232.3 billion at the end of September from $251.6 billion at the end of June.
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Latest Imf News

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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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