Originations and Margins Increase at Flagstar October 26, 2023 Brandon Ivey Originations increased by 12% at Flagstar in the third quarter.Read More
Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly October 26, 2023 Brandon Ivey VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.Read More
ABS Issuance Continues Growth Track in 3Q23 October 25, 2023 John Bancroft Vehicle and consumer loan sectors help drive ABS issuance in third quarter of 2023.Read More
High Interest Rates Limiting Demand for MBS October 25, 2023 Brandon Ivey Banks don't have much appetite for agency MBS and whole loan bids can be stronger than execution via non-agency MBS.Read More
GSE Shareholders Get Another Win October 25, 2023 Dennis Hollier A federal district court adds interest to the damages a jury awarded Fannie Mae shareholders in August.Read More
Homestar Financial Ceases Retail Operations October 25, 2023 James Dohnert The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.Read More
Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction October 25, 2023 Brandon Ivey and James Dohnert Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.Read More
Federal Reserve Approves New Community Reinvestment Act Rule October 24, 2023 Sam Manas New rule maintains the tiered evaluation framework that exists under the current CRA rules while adding some requirements and flexibilities.Read More
Expanded-Credit MBS Issuance Grows in 3Q October 24, 2023 James Dohnert Expanded-credit MBS picks up in the third quarter thanks to originations by Acra Lending and CrossCountry Mortgage.Read More
ABS Market Buzzing Amid Fears of a Recession October 24, 2023 Brandon Ivey More than 5,500 people attended the ABS East conference this year, a record for the event.Read More