Short Takes: Recession Coming / Fannie Adjusts Home Price Expectations / Interest Rates Too High April 21, 2023 Brandon Ivey A modest recession is likely in the second half of 2023, according to economists at Fannie Mae.Read More
A Slight Increase in Share for Private MIs in First Quarter April 20, 2023 Namrata Bhatia The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.Read More
FHFA to Codify Existing Fair Housing Directives April 20, 2023 Dennis Hollier The rulemaking process will help make current policy more durable, reducing the likelihood future administrations reverse existing fair housing regulation.Read More
Acra, Angel Oak Seeing Positive Developments in Non-QM April 20, 2023 Paul Muolo Interest rate trends and industry consolidation are tailwinds for big players in the non-QM market.Read More
Remote Work for MLOs Extends Beyond Pandemic April 20, 2023 Monica Hogan Montana will become the latest state to codify the authorization for remote work for mortgage company employees, effective July 1.Read More
Short Takes: UWM Working to Reduce Trigger Leads / Chase Brings Jumbo MBS / PIMCO Stocks Older Non-QMs in MBS April 20, 2023 Brandon Ivey Brokers working with UWM can now decide when they want to pull the hard credit report...Read More
Originations Steady at Western Alliance in First Quarter April 19, 2023 Brandon Ivey Western Alliance Bank's profits declined in the first quarter after asset sales similar to those that brought down Silicon Valley Bank.Read More
Expanded-Credit MBS Issuance Ramping Up April 19, 2023 James Dohnert Annaly Capital Management, A&D Mortgage and Lone Star Funds started marketing expanded-credit MBS this week.Read More
GSEs Find Faults in SEC’s Conflict-of-Interest Proposal April 19, 2023 Dennis Hollier A proposed rule from the SEC could prohibit CRT issuance by the GSEs after Fannie and Freddie exit conservatorship.Read More
Short Takes: Applications Decline / Foreclosures Tick Up / LendingOne to Expand Wholesale April 19, 2023 Brandon Ivey Mortgage demand declines as interest rates increase...Read More