Bank Appetite Boosted Jumbo Production in 2Q22 August 22, 2022 Brandon Ivey The top three jumbo lenders in 2Q22: Wells Fargo, JPMorgan Chase and Bank of America...Read More
Like Its Common, loanDepot’s Debt is Heavily Discounted August 22, 2022 Paul Muolo loanDepot, the nation's seventh largest home lender, is seeing its debt get heavily discounted...Read More
Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse August 18, 2022 John Bancroft Originations of non-agency home loans saw a modest 3.4% increase from the first three months of the year...Read More
MBA: Only 57% of Lenders Were Profitable in 2Q22 August 18, 2022 Paul Muolo MBA's Marina Walsh: "Pulling out a profit in these difficult conditions is no easy feat.”Read More
Change Opts for Income Documentation with Latest MBS August 18, 2022 Brandon Ivey Change, because it's a CDFI, is exempt from the Consumer Financial Protection Bureau’s ability-to-repay requirements.Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
On the Comeback Trail: Assumable Mortgages? August 17, 2022 Monica Hogan HUD: “In the current rate environment, the assumability feature of FHA-insured mortgages is receiving greater attention.”Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
When the Going Gets Tough in Mortgages, Some Banks Partner With Rocket August 16, 2022 Brandon Ivey The alliance offers Santander a chance to evolve its business without added costs...Read More
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