HUD Seeks Additional Funds for Affordable Housing May 14, 2024 Monica Hogan The funding request includes $81.3 billion for HUD programs to increase the housing supply and lower homeownership costs.Read More
Short Takes: HPA Expected to Slow / Locks for Purchase Mortgages Increase / Rocket Settles With HUD on Fair Lending / First-Generation Homebuyer Product May 14, 2024 Brandon Ivey Home price appreciation in 2024 is expected to be well below the 5.5% annual appreciation seen in 2023, according to Fitch Ratings.Read More
Guild Boosts Originations and Earnings in First Quarter May 10, 2024 Brandon Ivey Guild generated a profit of $28.4 million in the first quarter of 2024.Read More
Rate Lock-in Not Primary Factor in Moving Plans May 9, 2024 James Dohnert A new survey shows that higher interest rates may not be the only thing stopping homeowners from moving.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
Credit Score Costs Jump; Lenders Point to Lack of Competition May 8, 2024 Dennis Hollier FICO CEO Will Lansing addressed the criticism over the price increases, saying the firm was “catching up from 30 years of frozen pricing.”Read More
Short Takes: McCargo Moves On to FHLBank / Refis Drive Applications Up / Home Sales Expected to Increase / LO Comp Following Cyberattack May 8, 2024 Brandon Ivey Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.Read More
Correspondent Channel Loses Share in Agency Market May 7, 2024 Andras Malatinszky The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.Read More
Revenues Plunge at Reverse Lender Finance of America May 7, 2024 Paul Muolo Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.Read More
Lenders See Benefits in Freddie’s Plan for Seconds May 7, 2024 Dennis Hollier PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”Read More
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