CFPB Finds PACE Loans Prompt Increase in Mortgage Delinquencies May 2, 2023 Brandon Ivey The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.Read More
Ginnie Early Buyouts Limited in First Quarter May 2, 2023 Brandon Ivey With interest rates elevated, there's little incentive for servicers to exercise early buyouts.Read More
Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp May 2, 2023 Brandon Ivey and Paul Muolo Chase isn’t going to follow First Republic’s jumbo-lending model.Read More
The Battle Over LLPAs Continues, GOP Throws Its Marker Down May 1, 2023 Dennis Hollier Newly introduced legislation, if passed, would rescind FHFA's latest revisions to GSE pricing.Read More
PennyMac’s Profits Decline in First Quarter April 28, 2023 Brandon Ivey PennyMac's originations were essentially level in the first quarter, helping the lender become the largest producer in the industry.Read More
Redwood Sees Jumbo Opportunity as Banks Suffer April 28, 2023 James Dohnert Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.Read More
Mortgage Business at NYCB (Flagstar) Improves in First Quarter April 28, 2023 Brandon Ivey More originations, an improvement on margins and an increase in income from servicing at NYCB.Read More
FHA Gaining Popularity Among Borrowers, Home Sellers April 28, 2023 Monica Hogan Both purchase-mortgage borrowers and home sellers are increasing their acceptance of FHA mortgages.Read More
Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance April 28, 2023 Brandon Ivey There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.Read More
Lakeview Increases Ginnie Servicing Lead in First Quarter April 27, 2023 Andras Malatinszky The amount of Ginnie servicing volume outstanding increased by 1.6% in the first quarter while Lakeview's portfolio grew by 3.4%.Read More
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