FHA Working to Help on Housing Affordability October 27, 2023 Monica Hogan Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.Read More
Short Takes: Rate Forecast Revised / Key Bank Offering Manufactured Home Financing / New Jumbo MBS / House Panel Looking at Insurance Costs October 27, 2023 Brandon Ivey "Higher for longer" is beginning to sink in.Read More
Buyback Relief From FHFA Might Not Amount to Much October 26, 2023 Dennis Hollier Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.Read More
Rithm Stays Profitable in Third Quarter October 26, 2023 James Dohnert Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.Read More
Originations and Margins Increase at Flagstar October 26, 2023 Brandon Ivey Originations increased by 12% at Flagstar in the third quarter.Read More
Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly October 26, 2023 Brandon Ivey VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.Read More
Homestar Financial Ceases Retail Operations October 25, 2023 James Dohnert The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.Read More
Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction October 25, 2023 Brandon Ivey and James Dohnert Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.Read More
CMG Primed for Growth in a Tough Market October 23, 2023 Paul Muolo CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.Read More
Another Lender Jumps Into Wholesale: Flyhomes October 23, 2023 James Dohnert The lender believes the program is a good fit for the wholesale channel because it helps brokers stand out...Read More
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