Short Takes: FHA Adopts Bank-Like Cyber Reporting Requirements / CFPB Looks to Regulate Data Brokers / Bipartisan Legislation in House on AI / Expanded-Credit MBS From Invictus December 3, 2024 Brandon Ivey FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.Read More
Hiring Outlook Cloudy, LO Comp Under Pressure? December 2, 2024 Paul Muolo Commissions for retail mortgage loan officers seem to be stuck in a narrow band, said one consulting firm.Read More
Bipartisan Caucus Protests Title Waivers December 2, 2024 Dennis Hollier The caucus suggested FHFA’s title pilot hasn’t been appropriately vetted.Read More
Fitch: Mortgages Looking Up, Consumer Finance Not So Much December 2, 2024 Paul Muolo Fitch is hopeful about gain-on-sale margins going into 2025.Read More
Servicing Profits a Drag for Many in 3Q24 December 2, 2024 Brandon Ivey The good news: All the firms reported positive income from production, although a few earned less than they had in 2Q24.Read More
Conforming Loan Limit to Rise 5.2% in 2025 November 26, 2024 Brandon Ivey The baseline conforming loan limit for a one-unit property will be $806,500 for 2025.Read More
Non-Agency Jumbo Share of Originations Shrinks in 3Q November 26, 2024 James Dohnert The jumbo share of total first-lien originations narrowed to 12.4% in the third quarter from 13.1% in the second.Read More
Short Takes: FHFA Plans for Underserved Markets / Affordability Outlook / Impairments on Non-QMs Rise Again / Low-Coupon MSRs on Offer November 26, 2024 Brandon Ivey The new plans from FHFA focus on efforts for rural markets, manufactured housing and first-time homebuyers.Read More
3Q24, The Best Quarter for Government Lending in Two-Plus Years November 25, 2024 Monica Hogan The top three FHA lenders: UWM, Rocket and DHI...Read More
MSR Investors Face Uncertainty on Prepayments November 22, 2024 Brandon Ivey Tom Rettinger, chief portfolio risk officer at CrossCountry Mortgage, noted that prepayment models were built for a more balanced interest rate environment.Read More