Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Expanded-Credit MBS Issuance Down in Second Quarter August 1, 2023 James Dohnert Issuance declined by 22.9% on a quarterly basis in the second quarter.Read More
Home Price Growth Buoys Fannie Earnings August 1, 2023 Dennis Hollier The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.Read More
Two Harbors Swings to Profit in Second Quarter August 1, 2023 Brandon Ivey Two Harbors recovered after a large loss in the first quarter.Read More
Congress Divided on HUD Funding for FY 2024 August 1, 2023 Monica Hogan The House is seeking lower funding levels for HUD and a September deadline is fast approaching.Read More
Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance August 1, 2023 Brandon Ivey ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.Read More
FHA and VA Delinquencies Rise in Second Quarter July 31, 2023 Monica Hogan The uptick was more pronounced for FHA mortgages.Read More
FHA’s Face-to-Face Servicing Requirement Could Be Dropped July 31, 2023 Monica Hogan HUD noted that over the years many lenders have moved away from a model of local origination and servicing offices to more centralized operations.Read More
Redwood Sourcing Jumbos From Banks July 31, 2023 James Dohnert Banks are now more willing to deliver jumbos to Redwood due to regulatory pressure and other issues.Read More
Rocket Appoints Intuit Leader as CEO July 31, 2023 Brandon Ivey Varun Krishna will also be CEO of Rocket Mortgage.Read More
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