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Short Takes: Senate Swiftly Passes Trigger Lead Bill / Rocket Ramps Up CES Securitization / Disaster Recovery Program in California / From Mortgage Stadium to Bounce House

June 13, 2025
Brandon Ivey
The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.
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CrossCountry Wins Close Race on Correspondent Sales in 2024

June 12, 2025
Namrata Bhatia
CrossCountry sold 37.8% of its production to unaffiliated non-agency buyers in 2024.
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Chimera to Acquire Non-QM Lender HomeXpress

June 12, 2025
Brandon Ivey
The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.
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Fairway to Acquire Assets of Retail Lender Hallmark Home Mortgage

June 12, 2025
Brandon Ivey
Hallmark's production is focused on the Midwest and Southeast.
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Locks for Mortgages Decline in May, Including Purchase Loans

June 12, 2025
Brandon Ivey
Purchase-mortgage locks declined by 0.7% on a monthly basis.
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Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down

June 12, 2025
Brandon Ivey
UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.
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Chase’s Dimon Frustrated With Mortgage Market

June 11, 2025
Brandon Ivey
Dimon guessed that, overall, Chase has probably lost money on mortgages in the past 50 years.
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Subservicing Volume Increases Somewhat in First Quarter

June 11, 2025
Paul Muolo
Subservicers handled monthly processing work on 27.9% of outstanding residential loans as of the end of March.
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Trump’s Reassurances Calm GSE MBS Investors, for Now

June 11, 2025
Dennis Hollier
Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.
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eNote Usage Expected to Increase in Coming Years

June 11, 2025
Brandon Ivey
According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.
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Latest Imf News

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Featured Data

  • Rocket/Mr. Cooper Top UWM With GSE Deliveries

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Featured Reports

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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