Short Takes: FHA Loan Limits / Immediate Implementation / Home Price Declines? / Applications Depressed November 29, 2023 Brandon Ivey Now that the 2024 conforming limits have been set, the FHA and lenders are setting their 2024 boundaries...Read More
GSE Loan Limits to Increase 5.6% in 2024 November 28, 2023 Brandon Ivey The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.Read More
Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines November 28, 2023 Paul Muolo According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.Read More
Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality November 28, 2023 Brandon Ivey and Paul Muolo Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.Read More
Market Share Gains for Correspondent Lenders November 27, 2023 John Bancroft A number of competitors in the correspondent channel registered eye-popping growth...Read More
CMG of California Expands Further Into New England November 27, 2023 Paul Muolo CMG owner Chris George continues to find "bolt-ons" for his branch network...Read More
CFPB Launches Pilot for Disclosures on Construction Loans November 22, 2023 Sam Manas The pilot was prompted by a request from the Independent Community Bankers of America.Read More
Short Takes: Average Loan Amount Declining / Slow Recovery for Home Sales / Delinquencies Decline / Thanksgiving Break November 22, 2023 Brandon Ivey Average loan amounts on mortgage applications are coming down as the share of first-time homebuyer applicants increases.Read More
Jumbo Originations Decline in Third Quarter November 21, 2023 James Dohnert Jumbo production declined by 6.0% in the third quarter and the sector lost some market share.Read More
Modest Increase in Non-Agency MBS Issuance Expected November 21, 2023 Brandon Ivey Issuance of non-agency MBS and GSE CRT deals will increase by 9% on an annual basis in 2024, according to projections by Kroll Bond Rating Agency.Read More
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