Expanded-Credit Lending Tries to Regroup in a Topsy-Turvey 3Q22 December 12, 2022 John Bancroft The top three ECM originators through the first nine months of 2022: Citibank, Angel Oak Lending and Guaranteed Rate...Read More
As Business Dips, A Period of Transition for Warehouse Lenders December 12, 2022 Paul Muolo It’s not so much that commitment levels are down, but usage rates are tumbling...Read More
Gordon Hopes FHA MIP Cut Process Won’t Drag On Too Long December 12, 2022 Monica Hogan The FHA chief hopes it doesn't turn into a "Waiting for Godot" type of situation...Read More
NYDFS Uncovers Racial Lending Disparities but No Fair Lending Law Violations December 9, 2022 Sam Manas The New York regulator has ongoing investigations into other lenders in Buffalo, Rochester, Syracuse and Long Island.Read More
Rising Rates Slam Jumbo Market in 3Q22 December 8, 2022 Paul Muolo The top three agency sellers of high-balance loans: UWM, Rocket Mortgage and PennyMac Financial...Read More
The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender December 7, 2022 Paul Muolo The seller is Reza Jahangiri, who founded the company in 2004.Read More
Fannie Updates DU to Include Borrowers with No Credit History December 7, 2022 Dennis Hollier Despite the outreach, borrowers will still be subject to a 50% debt-to-income ratio cap...Read More
Fannie, Freddie Deliveries Continue to Slide in November December 6, 2022 Dennis Hollier In the fourth quarter of 2020, the GSE market share peaked at 64.0%.Read More
Nonbanks Raised $4B of Capital in 2022. As for Next Year… December 6, 2022 Paul Muolo BTIG believes the "near-term opportunity" favors more of a valuation recovery story for the mortgage stocks it covers...Read More
Servicing Paddles Harder to Keep Lenders Afloat in 3Q December 5, 2022 John Bancroft Three of the 22 companies reported net losses on production...Read More
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