Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Channel Shift Helped Expand Credit Box for FHA Loans November 9, 2023 Brandon Ivey The average credit scores for new originations of FHA mortgages declined somewhat after BofA and JPMorgan Chase ceased correspondent aggregation in the market.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
FHFA Plans Changes for FHLBank System November 8, 2023 Dennis Hollier One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.Read More
Earnings Improve at UWM, Aided by MSRs November 8, 2023 Paul Muolo UWM transferred $14.7 billion of servicing rights in the third quarter.Read More
loanDepot Working to Cut More Costs Amid Losses November 8, 2023 Paul Muolo The nonbank is working on another round of cost-cutting measures.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
FEMA: Congress Should Cancel NFIP Debt November 7, 2023 Monica Hogan The National Flood Insurance Program has $20.5 billion in debt, prompting $309 million in semiannual interest payments.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
RSS