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Short Takes: Purchase Mortgage Volume Constrained / Jobs Numbers Suggest Rate Hikes Over / CrossCountry Joins Freddie’s SPCP / New Reverse Mortgage Lender

April 7, 2023
Brandon Ivey
Relatively low interest rates don't help much if there aren't many homes for sale.
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FDIC to Sell MBS Holdings of Failed Banks

April 6, 2023
Brandon Ivey
The FDIC plans to sell $114 billion of MBS held by Silicon Valley Bank and Signature Bank.
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GSEs Update Equitable Housing Finance Plans

April 6, 2023
Dennis Hollier
At the direction of the Federal Housing Finance Agency, Fannie and Freddie tweaked their efforts to address equity issues for minority homebuyers and renters.
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AI Shows Promise for Mortgage Industry

April 6, 2023
Sam Manas
ChatGPT and similar artificial intelligence offerings can be used to improve efficiencies at mortgage companies.
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FHFA Data Fueling Looks into Appraisal Bias

April 6, 2023
Dennis Hollier
The share of appraisals coming in below the contract price has increased in recent years, a potential sign of appraisal bias.
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Short Takes: Rate Locks Increase / Freddie Partnership Builds Credit Scores / California Even Less Affordable

April 6, 2023
Brandon Ivey
Bank failures helped to drive down interest rates on mortgages in March, which led to an increase in rate locks.
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Mortgage Sales by Banks Outpace Production

April 5, 2023
Brandon Ivey
Originations of mortgages that banks intend to sell decreased more quickly than loan sales by banks in the fourth quarter of 2022.
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FHA Proposes Some Relief for HECM Servicers

April 5, 2023
Monica Hogan
FHA is taking feedback through April 11 on a new draft mortgagee letter proposing policy changes to its home equity conversion mortgage program.
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Nice Pay Raises for the C-Suite at Mr. Cooper

April 5, 2023
Paul Muolo
Mr. Cooper, like many mortgage shops, has engaged in large-scale layoffs the past year to bring costs in line with revenues.
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Long Timeline for New Credit Score Models at GSEs

April 5, 2023
Dennis Hollier
New credit scoring models will be fully implemented by the GSEs near the end of 2025, according to FHFA.
Read More
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Latest Imf News

  • GSE Loan Repurchases Rise in 2Q

  • Former Better CEO Paves Way for Return

  • Experts Warn of Growing AI Fraud Risks

  • Lender Shopping Leads to Some Rate Savings

More Imf News

Featured Data

  • GSE MBS Issuance Increases in August

  • Mortgage-Banking Profits on Production, Servicing Decline in 2Q

  • Banks Shed MBS/ABS From Trading Accounts in 2Q

  • Rocket, Cenlar Subservicing Portfolios Decline

More Featured Data

Featured Reports

  • IMF Mortgage Directory: Full interactive database

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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