Rocket’s Jumbo MBS Issuance Heading Back To Earth December 8, 2021 Brandon Ivey Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.Read More
Better’s Competitors to the Rescue in Layoff Saga? December 7, 2021 Paul Muolo Better.com still hopes to go public via a special purpose acquisition company maneuver...Read More
Redwood Calls for Revision on How GSE Loan Limits Are Calculated December 7, 2021 Brandon Ivey FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.Read More
Ginnie Mae Issuance Weakens in November, Mods Boost FHA December 7, 2021 John Bancroft FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.Read More
NMLS Renewals for LOs Slowed by System Errors December 7, 2021 Sam Manas MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.Read More
Expanded-Credit Mortgage Originations Up 24% in 3Q21 December 6, 2021 Brandon Ivey The ECM gain came as overall production fell 2.8% from the second quarter to the third...Read More
FHA Catalyst Default Monitoring System Delayed December 6, 2021 Monica Hogan The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.Read More
Trouble Ahead? Agency MBS Nears Pandemic Low in November December 3, 2021 John Bancroft Combined MBS issuance from Fannie, Freddie and Ginnie declined 11.5% from October...Read More
Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat December 3, 2021 Paul Muolo The loan brokerage sector fared a bit better with layoffs of just 200 workers...Read More
Some Publicly Traded Lenders Move to Cut Costs December 3, 2021 Paul Muolo Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...Read More