Earnings, Outlook Get Worse for Better November 14, 2023 Paul Muolo Better lost $340 million in the third quarter and projects a decline in originations for the fourth quarter.Read More
Housing Groups Urge Congress to Avoid Government Shutdown November 14, 2023 Monica Hogan The MBA and other trade groups are urging Senate and House leadership to make sure funding and authorization for the National Flood Insurance Program doesn’t lapse on Nov. 17.Read More
Chopra Raises Concerns About Appraisal Management Companies November 14, 2023 Sam Manas CFPB Director Rohit Chopra focused on the interplay between appraisal management companies and how much appraisers are paid.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Private Mortgage Insurers Lose Ground to FHA/VA Market in 3Q November 10, 2023 John Bancroft Private mortgage insurers' share of primary mortgage insurance activity has dropped to its lowest level since early 2021.Read More
MSR Sales Expected to Increase; Plenty of Buyers November 10, 2023 Brandon Ivey Lenders hurting for cash are expected to sell off MSRs and there are numerous buyers for the product.Read More
Rocket Ramping Up Closed-End Second Securitization November 10, 2023 James Dohnert Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.Read More
Fed Unlikely to Acquiesce to Industry’s MBS Proposals November 10, 2023 Dennis Hollier Federal Reserve Chair Jerome Powell said the Federal Open Market Committee will maintain a “brisk pace” of qualitative tightening.Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Shellpoint Remains Top Non-Agency MBS Servicer November 9, 2023 James Dohnert Shellpoint topped the ranking for the fourth consecutive quarter....Read More
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