Short Takes: Ocwen Buyback Plan Boosts Prices / MBA Promotes DeSanctis to VP of Communications / Census Bureau Numbers Indicate Sharper Market Downturn May 25, 2022 Dennis Hollier Ocwen authorizes buybacks to bolster stock prices.Read More
Fitch’s Outlook for FoA Shifts From Stable to Negative May 24, 2022 Brandon Ivey Fitch cited concerns about Finance of America's leverage along with concerns about profitability.Read More
Credit Quality Suffers as Originations Plunge May 23, 2022 Andras Malatinszky As mortgage originations declined in the first quarter of 2022, lenders loosened underwriting standards.Read More
Non-Agency MBS Issuers Pile Into Market May 23, 2022 Brandon Ivey Issuers of non-agency MBS offered four deals on May 20, with a total unpaid principal balance of $1.72 billion.Read More
Freddie to Expand Financing for ADUs May 23, 2022 Dennis Hollier Freddie Mac is set to increase financing options for accessory dwelling units.Read More
Power Buyers Helping First-Time Homebuyers Compete May 23, 2022 Sam Manas Power buyers are companies that provide homebuyers with all-cash offer options, bridge financing and trade-in solutions.Read More
Short Takes: Delinquencies Decline / No Foreclosure Surge / Home Sales Slow / Longbridge Names New COO May 23, 2022 Brandon Ivey and Monica Hogan Delinquencies and foreclosure starts both declined in April on a monthly basis.Read More
A Rare Decline in MBS Holdings for Banks, Thrifts May 20, 2022 John Bancroft Fun fact: Banks continued adding MBS to their portfolios even though they had to write down the value for most of their holdings.Read More
FHFA, Ginnie Provide Updates on Nonbank Liquidity Progress May 20, 2022 Brandon Ivey One of the biggest issues regarding the FHFA proposal: the liquidity buffer and committed financing lines...Read More
CFPB Pushes State AGs to Enforce Federal Consumer Laws May 20, 2022 CFPB Director Rohit Chopra: “In the years leading up to the financial crisis, federal regulators undermined states seeking to protect families and businesses from abuses in the mortgage market"...Read More