GSE Legal Update: Collins v. Yellen, the Last Lap June 6, 2022 Dennis Hollier District Court judge Nancy Atlas once again hears arguments over the Fannie/Freddie net worth sweep...Read More
Older Mortgage Applicants Face Higher Denial Rates June 6, 2022 Monica Hogan Loan officers’ attitude towards mortality-related default risk is a key contributor to the problem...Read More
Compared to Last Year, Mortgage Employment Down by 7,000; Mr. Cooper the Latest to Cut Heads June 3, 2022 Paul Muolo Mr. Cooper foretold of layoffs in a recent SEC filing...Read More
MBS Issuance Lowest Since July 2019 June 3, 2022 John Bancroft An ominous sign: Agency issuance over the first five months of 2022 totaled $921.38 million, down 44.0% from the same period last year.Read More
A Slight Lull in Mortgage Servicing Auctions, Prices Ebb June 3, 2022 Paul Muolo The peak in prices could be over, for now...Read More
Home Lenders Banking on Purchase Loans Face Supply Issues June 3, 2022 Sam Manas The problem: Housing inventories have crumbled compared to years past...Read More
The Final Tally: Refis Top Purchase Loans in 1Q but Not by Much June 2, 2022 John Bancroft The top three refi originators in 1Q22: Rocket Mortgage, Wells Fargo and United Wholesale Mortgage...Read More
Mr. Cooper Forecasts a Break-Even 2Q, Excluding MSR Marks… June 2, 2022 Paul Muolo The nonbank revealed it anticipates “roughly break-even net income” for the second quarter, excluding potential mark-to-market gains on its massive MSR holdings...Read More
Movement Mortgage Fined After NCRC Alleges Fair Lending Violation June 2, 2022 Monica Hogan Despite settling, Movement denies it gave less favorable treatment based on race or national origin...Read More
FHFA Issues Final Rule on Annual Capital Plans for Fannie and Freddie June 2, 2022 Dennis Hollier The GSEs will use the capital planning process to calculate their stress capital buffer, which is set at a minimum of 0.75% of adjusted total assets.Read More
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