Fannie: Lenders Want Appraisals Modernized May 26, 2022 Dennis Hollier A Fannie Mae survey showed 94% of the 188 lenders asked feel that efforts by the GSEs to modernize appraisals are valuable.Read More
NFHA CEO: More Work Needed on Homeownership Gaps May 26, 2022 Monica Hogan Lisa Rice, CEO of the National Fair Housing Alliance, said it will take “thousands of equity-centered programs” to close racial homeownership and wealth gaps.Read More
Nonbanks Ride MSR Valuations to Higher 1Q22 Earnings May 25, 2022 Rising mortgage rates and Treasury yields cause MSR valuations to spike.Read More
Biden Administration Housing Plan Leans on GSEs May 25, 2022 Dennis Hollier Much of the White House plan to increase housing supply has been cribbed from the enterprises' duty-to-serve plans.Read More
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