Short Takes: Delinquencies Decline / No Foreclosure Surge / Home Sales Slow / Longbridge Names New COO May 23, 2022 Brandon Ivey and Monica Hogan Delinquencies and foreclosure starts both declined in April on a monthly basis.Read More
Expanded-Credit Mortgages Defy the Odds, Showing Growth in 1Q May 19, 2022 John Bancroft Since the beginning of 2021, $40.25 billion of ECM mortgage-backed securities have come to market...Read More
New loanDepot Chief Spends Six Figures on Company Stock May 19, 2022 Paul Muolo The shares reside in a family trust that carries the Martell name.Read More
Potential Cut to FHA Premiums a Top Priority for HUD May 18, 2022 Brandon Ivey HUD's Julienne Joseph: "We are dotting I's and crossing T's because we want ensure that whatever we do, that it would be impactful"...Read More
Applications Skid 11% but Some Shops Beat the Odds May 18, 2022 It was the first negative reading from the trade group in three weeks.Read More
Downgrades for loanDepot on Warehouse Deals May 17, 2022 Brandon Ivey Moody's had raised concerns about the concentration of “wet loans” in the securitizations...Read More
CFPB Expanding its Reach Among Nonbank Entities May 17, 2022 Sam Manas The CFPB plans to review nonbanks for potentially unfair, deceptive or abusive acts or practices...Read More
Not Immune to an Origination Correction: the Jumbo Market May 13, 2022 Brandon Ivey An estimated $131.0 billion of jumbos were originated during the period after three quarters of elevated production.Read More
Bye Bye Bitcoin. Fannie Scotches Use of Cryptocurrencies May 13, 2022 Dennis Hollier The ban on cryptocurrencies isn’t just on the borrower side of the transaction...Read More
Lower Earnings at Home Point as MSR Sales Buffer the Pain May 12, 2022 Paul Muolo Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...Read More
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