Smaller Lenders Raise Concerns About FHLBank Proposals October 8, 2024 Dennis Hollier Credit unions and small community banks opposed the idea of incentive membership programs at the Federal Home Loan Banks.Read More
Short Takes: Home Prices a Hurdle / MBA Expands Convergence Initiative / Fannie Selling RPLs / Jumbo MBS From Chase October 8, 2024 Brandon Ivey Elevated home prices are limiting home sales.Read More
GSE Loan Deliveries in 3Q: Lower Credit Scores... October 7, 2024 Namrata Bhatia Some 9.2% of purchase loans sold to the GSEs in 3Q24 had credit scores below 700.Read More
CEOs Feeling Bullish on 4Q24 Production October 7, 2024 Paul Muolo PRMG is — and has always been — more focused and excited about a healthier purchase market, said CEO Paul Rozo.Read More
Refis Push Agency MBS Issuance Up in Third Quarter October 4, 2024 John Bancroft Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.Read More
Party’s Over? Interest Rates on Mortgages Heading Up October 4, 2024 Brandon Ivey A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.Read More
MBA Names Trigger Lead Bill as Top Legislative Priority October 4, 2024 Brandon Ivey A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.Read More
Short Takes: Strong Recapture Rate for Planet Home / Jumbo MBS From Redwood / New CRT From Freddie / Home Improvement Securitization October 4, 2024 Brandon Ivey Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.Read More
Refi Locks Jump in September, Purchase Mortgages Down October 3, 2024 Brandon Ivey Overall, mortgage locks increased by 3.2% in September, according to Mortgage Capital Trading.Read More
Mortgage Fraud Risk to Grow as Interest Rates Decline October 3, 2024 Shannon Clark With interest rates declining, mortgage fraud is a growing concern.Read More
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