Jumbo Sector Takes a Hit in First Quarter June 9, 2023 John Bancroft Jumbo lending held up relatively well in 2022 as interest rates increased. That trend ended in the first quarter of 2023.Read More
Federal Regulators Look to Boost Borrower Scrutiny of Appraisals June 9, 2023 Brandon Ivey Regulators published proposed guidance on reconsiderations of value in mortgage transactions.Read More
Researchers Find Climate-Driven Changes in MBS Deliveries June 9, 2023 Dennis Hollier The economists used the government-sponsored enterprises’ conforming loan limits to examine lenders’ choices in the wake of a significant disaster.Read More
Insurer Retreat Adds Pressure on Lenders, Borrowers June 9, 2023 Monica Hogan State Farm's decision to stop accepting new applications for homeowners insurance in California has ramifications for the mortgage market.Read More
Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
Fannie Loosens Some Underwriting Requirements June 8, 2023 Brandon Ivey Changes for cash-out refis, certain ARMs and manufactured-home loans.Read More
Freddie Announces Affordable Housing Product for Tribal Lands June 8, 2023 Dennis Hollier HeritageOne, a single-family mortgage product, addresses goals outlined in Freddie's 2022-2024 duty-to-serve plan.Read More
Short Takes: Rate Locks Decline in May / Community Banks Pulling Back / Leo Leaving SFA / Homeowners Insurance and Affordability June 8, 2023 Brandon Ivey Locks for both purchase mortgages and refis declined on a monthly basis in May.Read More
Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Rise in Gig Economy Income an Opening for Lenders June 7, 2023 James Dohnert Gig economy income can help potential borrowers qualify for a mortgage, with some complications.Read More