Lenders Stretching the Credit Box on GSE Loans July 12, 2021 Brandon Ivey At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...Read More
Sen. Warren Slams Wells for LOC Cancellations July 12, 2021 Paul Muolo Some of the LOCs contained borrowing authority of up to $250,000.Read More
Industry Still Considering Impact of SCOTUS Decision July 12, 2021 Dennis Hollier One thing is clear: The verdict was a blow to Fannie Mae and Freddie Mac common and junior preferred shareholders.Read More
Fannie Mae Draws Fire for Rule on Short-Term Rentals July 12, 2021 Dennis Hollier The real estate industry was especially concerned and mounted an organized response...Read More
Sagging Agency MBS Weighs on Overall Securitization Market in 2Q July 9, 2021 John Bancroft The Ginnie market actually held up fairly well with a slim increase over the first quarter...Read More
Mortgage Bankers Add Jobs, Brokers Trim Their Ranks July 9, 2021 Paul Muolo “You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.Read More
Trouble Ahead? CFBank Shutters Direct-to-Consumer Channel July 9, 2021 Brandon Ivey CFBank said the decision to wind down its DTC business resulted from changing market conditions in 2021...Read More
Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs July 9, 2021 Brandon Ivey The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...Read More
ORIX Top Multifamily MBS Servicer in Ginnie Market July 8, 2021 John Bancroft ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market... Read More
Quicken Expected to Offload MSRs in a Hot Market July 8, 2021 A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...Read More
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