GSE Buyback Activity Up Slightly in First Quarter June 28, 2023 John Bancroft Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
First-Time Homebuyers Facing Challenges June 28, 2023 Monica Hogan A household would need an annual income of $117,000 to afford a median-priced home, 20% more than a year earlier.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Mortgage Securitization Rate Continues Slide June 27, 2023 John Bancroft As originations decline, the securitization rate shrinks.Read More
CFPB, Payment Provider Settle Over Erroneous Mortgage Payments June 27, 2023 Sam Manas The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.Read More
Supreme Court Turns Down GSE Shareholder Case June 27, 2023 Dennis Hollier GSE shareholders tried to make the case that Ed DeMarco, the acting director of the Federal Housing Finance Agency at the time of the net worth sweep, was an extra-constitutional director because his three-year acting directorship lasted too long.Read More
Lenders Critical of Proposal on NMLS Reporting Requirements June 27, 2023 Sam Manas The proposed standards would create uniform requirements for mortgage companies licensed through the NMLS.Read More
Short Takes: Home Prices Tick Up / FHA to Require SCIF / Broeksmit on Warehouse Lenders / Capital Requirements June 27, 2023 Brandon Ivey Home prices increased again on a monthly basis in April.Read More