Short Takes: Pending Home Sales Decline / Two Rate Cuts This Year? / Fallout From SCOTUS Ruling on SEC / Biden’s Housing Plans June 28, 2024 Brandon Ivey Pending home sales declined by 2.1% on a monthly basis in May.Read More
Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline June 27, 2024 Brandon Ivey New-home sales declined by 11.3% in May.Read More
Short Takes: Angel AI Announces Credit Repair Tool / HGI Credit Platform Reaches Milestone / Xactus Hires CFO / Mortgage Apps Up June 26, 2024 James Dohnert The AI chatbot tool is available now in various languages…Read More
Brokers Gain Nonconforming Market Share in 1Q June 25, 2024 Brandon Ivey A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.Read More
Housing Prices at All-Time High Heading Into Summer June 25, 2024 James Dohnert The National Home Price Index gained 6.3% in April on an annual basis.Read More
HEL Lenders Innovate for Secondary Market June 25, 2024 James Dohnert Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.Read More
1Q24 HECM Production the Weakest in Years June 24, 2024 Monica Hogan HECM lending hasn't been this low since before the COVID-19 pandemic...Read More
FHFA Approves Freddie Second-Lien Pilot but With Strict Limits June 24, 2024 Brandon Ivey Keefe, Bruyette & Woods analyst Bose George said, "Given the modest scale of the announced pilot program, there should be no meaningful impact on the mortgage market."Read More
Home Equity Lending Declines in First Quarter June 21, 2024 Brandon Ivey Many of the top depository institutions reduced their production in the first quarter.Read More
Regulators Set New Standards for the Use of AVMs June 21, 2024 Shannon Clark The rule has been in the works for 14 years.Read More
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