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Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS

May 17, 2023
Brandon Ivey and Paul Muolo
Home price declines in California in 2023 might not be as bad as initially expected.
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Banks’ Mortgage Earnings Improve in First Quarter

May 16, 2023
John Bancroft
Mortgage earnings at banks bounced back after a dismal fourth quarter.
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FHFA Considers Revisions to GSE Pricing

May 16, 2023
Brandon Ivey
FHFA issued a request for input regarding the framework that applies to pricing single-family mortgages delivered to the GSEs.
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Industry Warns of Major Issues Stemming From CFPB at Supreme Court

May 16, 2023
Sam Manas
Mortgage and real estate industry trade groups filed an amicus brief with the Supreme Court arguing that any ruling on the Consumer Financial Protection Bureau's funding should not affect all CFPB rules.
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GSEs Pause NPL/RPL Sales Amid Pressure From Congress

May 16, 2023
Dennis Hollier
There's been no formal announcement, though the pause looks to be tied to concerns from members of Congress.
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Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles

May 16, 2023
Brandon Ivey and Paul Muolo
About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...
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CFPB Fields Renewed Requests on LO Compensation

May 12, 2023
Sam Manas
The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.
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Verus Brings Large Expanded-Credit MBS

May 12, 2023
James Dohnert
Invictus Capital Partners’ Verus Mortgage Capital is set to issue its fourth expanded-credit MBS of the year.
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FHFA Backs Down on Planned DTI Fee

May 11, 2023
Dennis Hollier
The controversial fee was set to take effect Aug. 1.
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Mr. Cooper to Acquire Home Point and its MSRs

May 11, 2023
Paul Muolo
The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.
Read More
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