Strong Demand for Mortgages Tied to New Homes December 20, 2023 Brandon Ivey Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.Read More
Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction December 20, 2023 Brandon Ivey and Paul Muolo Loan applications declined even as interest rates came down further.Read More
FHA/VA Lending Stands Out in Third Quarter December 19, 2023 Monica Hogan FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.Read More
Navy Federal Retains Civil Rights Lawyer for Lending Assessment December 19, 2023 Brandon Ivey Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.Read More
Consumer Groups Happy With New CDFI Certification Process December 19, 2023 James Dohnert Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.Read More
Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS December 19, 2023 Brandon Ivey Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.Read More
CrossCountry Strikes a Deal in Texas? Looks That Way December 18, 2023 Paul Muolo Ron Leonhardt founded the acquisition-minded CrossCountry Mortgage in 2003...Read More
Banks Continue to Dominate the ARM Market December 18, 2023 James Dohnert The nation's top 10 ARM originators in 2023 are all federally insured, led by Chase, BofA and U.S. Bank...Read More
Court Narrows Scope of RESPA Treble Damages December 15, 2023 Sam Manas The lender argued the RESPA damages should be limited to three times the amount each borrower was overcharged for title and settlement services.Read More
Short Takes: Bipartisan Support on Trigger Leads / Quantifying the Refi Opportunity / New Expanded-Credit MBS / Thrive to Merge With Lower December 15, 2023 Brandon Ivey and John Bancroft S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.Read More