Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
MSR Marks Drag Down Mortgage-Banking Income June 13, 2023 John Bancroft Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.Read More
Comerica Sets Exit From Warehouse Lending June 13, 2023 Paul Muolo A sea change could be coming in warehouse finance...Read More
Redwood Partners With Oaktree on Bridge Loans June 13, 2023 Brandon Ivey Redwood's CoreVest originated $264 million of bridge loans in the first quarter of 2023.Read More
HUD Proposal on Property Standards in Floodplains Receives Mixed Reaction June 13, 2023 Monica Hogan Under the proposal, to qualify for an FHA loan, single-family homes within the 100-year floodplain would be required to be elevated an additional two feet above base flood elevation when they are newly built or substantially improved.Read More
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