New Tally Offers More Proof of a Decline in Lending Profits August 24, 2021 Paul Muolo Say it ain't so, Joe: Origination profits per loan continue to decline...Read More
Due Diligence Backlog Prompts Unusual Delay for New MBS August 23, 2021 Brandon Ivey Third-party due diligence reviewers are swamped.Read More
The Coming Mortgage M&A Tsunami? August 23, 2021 Paul Muolo The mortgage industry has seen this movie before...Read More
Goldman Joins the Non-Agency Investment-Property Party August 20, 2021 Brandon Ivey The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.Read More
Non-Agency Lending Jumps in 2Q, Agency Production Declines August 19, 2021 John Bancroft Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.Read More
Thompson Pushes More Ambitious Housing Goals for GSEs August 19, 2021 Dennis Hollier New housing goals expected to improve equity in the GSEs' affordable housing programs.Read More
Annaly Expands Non-Agency Acquisitions with Launch of Conduit August 18, 2021 Brandon Ivey Previously, Annaly was predominantly sourcing non-QMs from aggregators rather than directly from lenders. Read More
Short Takes: Mortgage Applications Decrease / Refis Still Popular / SFA Requires Proof of Vaccination / Lender Rebrands / Correction August 18, 2021 Brandon Ivey Refi inquires declined by 5% on a weekly basis while purchase-mortgage applications were off by 1%...Read More
FHA Lending Up, VA Down in Second Quarter August 17, 2021 John Bancroft VA Interest Rate Reduction Refinance Loan volume declined by nearly 40% in the second quarter.Read More
Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases August 17, 2021 Brandon Ivey The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...Read More
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