Republicans in Congress Critical of FHFA Pricing Policies May 17, 2023 Dennis Hollier A house hearing Wednesday will focus on GSE pricing changes prompted by the FHFA.Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
Banks’ Mortgage Earnings Improve in First Quarter May 16, 2023 John Bancroft Mortgage earnings at banks bounced back after a dismal fourth quarter.Read More
FHFA Considers Revisions to GSE Pricing May 16, 2023 Brandon Ivey FHFA issued a request for input regarding the framework that applies to pricing single-family mortgages delivered to the GSEs.Read More
Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles May 16, 2023 Brandon Ivey and Paul Muolo About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...Read More
CFPB Fields Renewed Requests on LO Compensation May 12, 2023 Sam Manas The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.Read More
FHFA Backs Down on Planned DTI Fee May 11, 2023 Dennis Hollier The controversial fee was set to take effect Aug. 1.Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
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