Banking Regulators Seek to Raise Capital Requirements July 27, 2023 Brandon Ivey Capital requirements for mortgages at big banks would vary based on LTV ratio.Read More
CFPB Cites Abusive Practices in Originations, Servicing July 27, 2023 Sam Manas The CFPB noted abusive practices in the mortgage market and many other sectors.Read More
Short Takes: Home Sales Slow / No Help From the Fed / FHFA Examines Commute Times July 27, 2023 Brandon Ivey Sales of new homes declined on a month basis in June.Read More
Income Up Sharply at Mr. Cooper in Second Quarter July 26, 2023 Paul Muolo Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.Read More
Short Takes: Home Price Plateau? / HUD Officials at NYSE / Low Downpayment Offering From Guaranteed Rate / Terra Property Trust Buys Some AGMIT Stock July 26, 2023 Brandon Ivey Home prices could decline in the coming months, according to analysts at Capital Economics.Read More
Mortgage Complaints to CFPB Down in Second Quarter July 25, 2023 Sam Manas Complaints declined by nearly 30% compared with the first quarter.Read More
Federal Agencies Placing Emphasis on Housing Equity July 25, 2023 Monica Hogan A DOJ official suggests that more redlining cases are coming...Read More
Short Takes: House Prices Tick Up / Pulte Boosts Originations / MSR Offerings From MIAC July 25, 2023 Brandon Ivey and Paul Muolo The average house price increased by 0.7% on a monthly basis in May...Read More
Short Takes: New Home Purchases Up 26.1% / Former First Republic Private Client Banking Teams Join Flagstar / Home Prices Up 2.1% / First Horizon Launches a Podcast July 21, 2023 James Dohnert The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.Read More
Higher Capital Requirements Would Flow to Interest Rates July 20, 2023 Brandon Ivey Banks will look to pass the expense of higher capital requirements for mortgages onto borrowers, M&T Bank's CFO noted.Read More