Broker Channel Gains Share in First Quarter July 5, 2024 Namrata Bhatia In the conventional-conforming sector, the broker share grew to 22.2% in the first quarter, up from a 21.6% share the previous quarter.Read More
MBA: Rate Cuts Still on the Table Following Strong Jobs Numbers July 5, 2024 Brandon Ivey Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association, stressed that headline figures from the June jobs report don't tell the whole story on employment trends.Read More
CFPB Fair Lending Efforts Focus on Pricing, HMDA July 5, 2024 Shannon Clark The CFPB completed 28 fair lending examinations or reviews on banks and nonbanks last year.Read More
Short Takes: Pending Home Sales Decline / PennyMac Adds MSR Financing / New Expanded-Credit MBS / Translations of FHA Servicing Documents July 5, 2024 Brandon Ivey Pending home sales in June declined on an annual basis at a rate not seen in four months.Read More
Adjusting to a ‘New (Mortgage) Normal’ July 3, 2024 Paul Muolo APM has strung together a string of profitable months. It's not alone...Read More
SoFi Credits Wyndham Purchase for Mortgage Growth July 2, 2024 Brandon Ivey SoFi originated $336.1 million of mortgages in the first quarter of 2024...Read More
Short Takes: A Record Month for CMG / The Names, Please... / #12 / GNMA MSRs Up for Grabs / Silvergate Fined by the Federal Reserve July 2, 2024 Paul Muolo Overall, CMG Mortgage listed the names of 12 loan officers who posted recent record-breaking months...Read More
AU Gaining a Foothold in Non-QM Originations July 1, 2024 James Dohnert In recent years, automated systems have gained a growing role in non-QM underwriting to help verify income...Read More
Large Nonbank Lenders Gain Market Share in First Quarter June 28, 2024 Brandon Ivey PennyMac Financial was the only top-five lender to post a decline in originations in the first quarter.Read More
Ginnie Proposes New Pool Type to Help HECM Lenders June 28, 2024 Monica Hogan The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.Read More
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