A Bullish Outlook for the Reverse Market... March 4, 2022 Monica Hogan Overall, FHA endorsed $23.80 billion of home-equity conversion mortgages last year, an annual increase of 34%...Read More
Refis Down 7.4% in 4Q, Purchase Lending Down Even More March 3, 2022 John Bancroft The top three purchase-money lenders in 2021: PennyMac Financial Services, UWM and Wells Fargo...Read More
A $1.3 Billion Loss for Blackstone-Financed FoA March 3, 2022 Paul Muolo Grubstaked by The Blackstone Group, FoA became a public company at $10.00 a share...Read More
As Regulators Focus on Nonbanks, A Turf War May Emerge March 3, 2022 Brandon Ivey On the horizon: a possible regulatory turf war...Read More
Certain Warehouse Securitizations at Risk for a Downgrade March 3, 2022 Brandon Ivey The changes to the criteria were significant enough to prompt Moody’s to place five warehouse securitizations on review for possible downgrade...Read More
Fannie’s and Freddie’s ‘Release’ Date? See You in 2037 March 2, 2022 Paul Muolo KBR writes, “By 2036, the Treasury's aggregate senior preferred including liquidation preference will have grown to nearly $550 billion"...Read More
‘One Company, One Exam’ Pilot Faces Challenges March 2, 2022 Rocket, the nation’s largest residential lender, received a 15-month moratorium on state exams in exchange for participating in the program.Read More
Moves by Key Investors Lift Bank ABS in Fourth Quarter March 2, 2022 John Bancroft JPMorgan Chase, Northern Trust, Bank of America and Commerce Bank also upped their ABS holdings over the last three months of the year.Read More
JPMorgan Unveils Details on 5-Year Plan to Bolster Minority Homeownership March 2, 2022 Monica Hogan JPM, which ranks fifth among all residential originators, will give “philanthropic" capital over three years to help five organizations scale their efforts...Read More
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low March 1, 2022 John Bancroft The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...Read More