Aurora Remains Confident in Better.com. However… December 28, 2021 Paul Muolo In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...Read More
The Fed: Borrowers Benefit From An Increase in Nonbank Share December 28, 2021 Dennis Hollier Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...Read More
GSE Seller Repurchases Ratchet Higher in Third Quarter December 28, 2021 John Bancroft As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.Read More
Credit Unions Get the Right to Buy MSRs. However... December 23, 2021 Brandon Ivey The regulatory development sounds interesting, but there are a few strings attached...Read More
FHFA Sets GSE Housing Goals for Coming Years December 23, 2021 Dennis Hollier The single-family goals didn't change from the FHFA's initial proposal while the multifamily goals will be limited to 2022 due to industry concerns.Read More
FTC Orders Mortgage Analytics Firm to Improve Data Security December 23, 2021 Brandon Ivey Ascension Data & Analytics neither admitted to nor denied the allegations, which were first detailed by the FTC a year ago.Read More
Serious Delinquencies Elevated Despite Improving Loan Performance December 23, 2021 Brandon Ivey While the delinquency rate is near pre-COVID levels, the number of seriously delinquent borrowers is significantly higher.Read More
Rice Park and Hunter Street Close Deal for Fix-and-Flip Funder December 22, 2021 Paul Muolo As Christmas approaches, fix-and-flip originators are flying off the shelves...Read More
Chase Offers Non-Agency MBS with Higher LTV Ratios December 22, 2021 Brandon Ivey The average combined LTV ratio on the new jumbo MBS from Chase is 86.6%.Read More
Banks Keep Adding to Their First-Lien Portfolios December 22, 2021 Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.Read More