Change Moves Faster with Latest MBS August 17, 2023 James Dohnert Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.Read More
Short Takes: PrimeLending Adds LOs / Servicer Using Blockchain / New Construction Share of Home Sales August 17, 2023 Brandon Ivey Not all lenders are cutting staff...Read More
PennyMac, UWM Lead on Primary MI Activity in 2Q August 16, 2023 John Bancroft PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.Read More
Mortgage Demand Shifting Amid Elevated Interest Rates August 16, 2023 Brandon Ivey The strong economy looks like a mixed blessing for mortgage lenders.Read More
Ginnie Working to Accept Smaller Lenders August 16, 2023 Monica Hogan Many smaller lenders can’t access the Ginnie platform because its eligibility standards require issuers to have “huge volumes,” Ginnie President Alanna McCargo noted.Read More
Mortgage Lenders Support CFPB Proposal on ATR for PACE Loans August 16, 2023 Namrata Bhatia There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.Read More
Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm August 16, 2023 Brandon Ivey The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.Read More
Ginnie Issuance Slows in July on FHA Activity August 15, 2023 Monica Hogan FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.Read More
Jury Awards GSE Shareholders $612 million August 15, 2023 Dennis Hollier A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.Read More
UBS Settles with DOJ on Pre-2008 Claims August 15, 2023 Brandon Ivey The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.Read More