UWM Brings Back 1% Down Loans April 12, 2023 Dennis Hollier The revived program means United Wholesale Mortgage will eat 2% of the home price (up to $4,000) in the form of downpayment assistance.Read More
Short Takes: Sen. Scott's Housing Policy / HUD Extends Forbearance Deadline for Native Americans / NAR Economist Pushes End of QT April 12, 2023 Dennis Hollier and Monica Hogan Republican Sen. Tim Scott begins his presidential campaign by making a housing policy statement.Read More
Mortgage Layoffs Accelerated in February April 11, 2023 Paul Muolo With interest rates falling in recent weeks, the origination market has perked up a bit, but...Read More
Agency MBS Issuance Slides Further in First Quarter April 7, 2023 John Bancroft It was the ninth straight quarterly decline for agency MBS issuance.Read More
Ouch: Originations Unprofitable in 2022 April 7, 2023 Brandon Ivey 2022 marked the first year that net production was negative for the full year since the MBA started its performance survey in 2008.Read More
Some Lenders Closing Instead of Selling April 7, 2023 Paul Muolo If the price isn't right, some owners are closing shop rather than selling their company.Read More
Congress Urged to Modernize Flood Insurance Program April 7, 2023 Monica Hogan The NFIP has seen two lapses and nearly two dozen short-term extensions since 2016.Read More
Short Takes: Purchase Mortgage Volume Constrained / Jobs Numbers Suggest Rate Hikes Over / CrossCountry Joins Freddie’s SPCP / New Reverse Mortgage Lender April 7, 2023 Brandon Ivey Relatively low interest rates don't help much if there aren't many homes for sale.Read More
GSEs Update Equitable Housing Finance Plans April 6, 2023 Dennis Hollier At the direction of the Federal Housing Finance Agency, Fannie and Freddie tweaked their efforts to address equity issues for minority homebuyers and renters.Read More
AI Shows Promise for Mortgage Industry April 6, 2023 Sam Manas ChatGPT and similar artificial intelligence offerings can be used to improve efficiencies at mortgage companies.Read More