Short Takes: Purchase Rate Locks Slow / Guild’s 1% Down Offering / Illinois Offers Purchase-Mortgage Assistance June 13, 2023 Brandon Ivey A likely harbinger of slowing home sales...Read More
Jumbo Sector Takes a Hit in First Quarter June 9, 2023 John Bancroft Jumbo lending held up relatively well in 2022 as interest rates increased. That trend ended in the first quarter of 2023.Read More
Federal Regulators Look to Boost Borrower Scrutiny of Appraisals June 9, 2023 Brandon Ivey Regulators published proposed guidance on reconsiderations of value in mortgage transactions.Read More
Researchers Find Climate-Driven Changes in MBS Deliveries June 9, 2023 Dennis Hollier The economists used the government-sponsored enterprises’ conforming loan limits to examine lenders’ choices in the wake of a significant disaster.Read More
Insurer Retreat Adds Pressure on Lenders, Borrowers June 9, 2023 Monica Hogan State Farm's decision to stop accepting new applications for homeowners insurance in California has ramifications for the mortgage market.Read More
Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
Jumbo Servicing Portfolios Grow Somewhat in First Quarter June 8, 2023 James Dohnert Limited prepayment activity it helping to prop up jumbo servicing portfolios.Read More
Fannie Loosens Some Underwriting Requirements June 8, 2023 Brandon Ivey Changes for cash-out refis, certain ARMs and manufactured-home loans.Read More
Freddie Announces Affordable Housing Product for Tribal Lands June 8, 2023 Dennis Hollier HeritageOne, a single-family mortgage product, addresses goals outlined in Freddie's 2022-2024 duty-to-serve plan.Read More
CRA Treatment of Ginnie Buyouts Under Scrutiny June 8, 2023 Monica Hogan There's some uncertainty on how revisions to Community Reinvestment Act standards will treat repurchases of delinquent loans pulled from Ginnie Mae pools.Read More
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