Regulators Plan to Change Available-for-Sale Accounting for Big Banks July 11, 2023 Brandon Ivey The changes could address some of the issues that prompted bank failures earlier this year.Read More
Communication Between Nonbanks, Warehouse Lenders Key July 11, 2023 James Dohnert If mortgage providers struggle to meet covenant terms, warehouse banks advise early and honest communication before any violations occur.Read More
Support for FHFA Proposal on GSEs’ Equitable Housing Finance Plans July 11, 2023 Dennis Hollier The Federal Housing Finance Agency proposed codifying the new equitable housing finance plans of Fannie Mae and Freddie Mac.Read More
Short Takes: New Expanded-Credit MBS / Home Price Appreciation Slows / Underwriting Standards Static / Home Equity Startup July 11, 2023 Brandon Ivey An affiliate of Lone Star Funds is set to issue an expanded-credit MBS.Read More
Correspondent Channel Share Grows in FHA/VA Market July 7, 2023 Monica Hogan The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.Read More
Higher Interest Rates Squeezing Younger Potential Borrowers July 7, 2023 Dennis Hollier When interest rates on mortgages rise, young and middle-income consumers fall away from the mortgage market, according to a working paper from FHFA.Read More
MISMO Offers Data Standards for Non-Agency MBS July 7, 2023 James Dohnert Non-agency MBS participants have been working with an outdated data set.Read More
Court Rules FHA ‘Face-to-Face’ Rule Not Necessarily Literal July 7, 2023 Monica Hogan HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.Read More
Short Takes: Interest Rates Up / Borrowers Adjusting / Ginnie Adds RHS to LMI Disclosures July 7, 2023 Brandon Ivey Interest rates on mortgages reached their highest level of the year (thus far).Read More
Jumbo Denial Rates Steady as Originations Decline July 6, 2023 James Dohnert The denial rate on applications for jumbo mortgages was 11.9% in 2022.Read More