Fitch Sees Warning Signs in FoA’s Debt Move July 10, 2024 Brandon Ivey The downgrade was tied to a debt exchange offer the reverse-mortgage lender announced in late June.Read More
FHA Expands 203(k) Rehabilitation Program July 10, 2024 Brandon Ivey The 203(k) program provides financing for rehabilitation of single-family homes.Read More
Short Takes: Refi Applications Fade / Lenders Concerned About Talent Management / Tandem DPA Offering / Lending in Guam July 10, 2024 Brandon Ivey Applications for refinances declined for the fourth consecutive week.Read More
Purchase Mortgages Boost Ginnie Issuance in 2Q July 9, 2024 Monica Hogan Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.Read More
CHLA Presses CFPB to Tackle Abusive Trigger Leads July 9, 2024 Shannon Clark CHLA provided three key priorities for the CFPB to focus on regarding trigger leads.Read More
Short Takes: FHLBank of Chicago Accepts VantageScore / The Reason for Rate’s Rebrand / New Scratch-and-Dent MBS July 9, 2024 Brandon Ivey Members of the FHLBank of Chicago can pledge collateral to the bank with VantageScore credit scores rather than the traditional FICO score.Read More
Brokers Add Jobs, Mortgage Bankers Keep Trimming July 8, 2024 Paul Muolo The BLS reading on mortgage employment trails the national numbers by a month.Read More
Mortgage Lock Activity Declines in June July 5, 2024 Brandon Ivey Locks for purchase mortgages and refinances declined in June as interest rates increased.Read More
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
RSS