Lenders’ Losses Narrow in First Quarter May 19, 2023 Brandon Ivey Originations remained a money-losing venture for many lenders in the first quarter, though the losses weren't quite as bad.Read More
Loan Application Denials Tied to DTI Issues Rise in 2022 May 19, 2023 Sam Manas Rising interest rates made it more difficult for loan applicants to meet DTI ratio requirements.Read More
Short Takes: CHLA Seeks Friendlier Buyback Policy / The Servicing Hedge / New eMSR Exchange / Spring Homebuying Season Starts When? May 19, 2023 Brandon Ivey CHLA called on the GSEs to offer indemnification rather than a repurchase request for any performing loan with defects.Read More
Deliveries to GSEs Increase in April May 18, 2023 Dennis Hollier GSE business increased in April on a monthly basis, including improvements among 84 of the top 100 GSE sellers.Read More
House Hearing Extends Debate on LLPA Changes May 18, 2023 Brandon Ivey Democrats largely support FHFA's recent LLPA changes, while Republicans are opposed.Read More
Low Housing Inventory Limiting Lenders May 18, 2023 Monica Hogan According to Zillow, there were 28.0% fewer new listings in April than a year ago.Read More
Short Takes: Lenders Take LLPA Changes in Stride / Some Relief for HECM Servicers / Funding for Fractional Homeownership / Jumbo MBS From Goldman May 18, 2023 Brandon Ivey Implementation of FHFA's latest LLPA changes hasn't been a burden for lenders.Read More
Denial Rates Increase in 2022; Elevated at Wells May 17, 2023 Brandon Ivey Denials of mortgage applications increased as interest rates rose in 2022.Read More
loanDepot Institutes Return-to-Office Policy; More Layoffs? May 17, 2023 Paul Muolo loanDepot has shed 5,220 positions over the past year...Read More
Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks May 17, 2023 Brandon Ivey Everything was going relatively well at First Republic, until it wasn't...Read More
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