The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.

Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.

"Current market conditions regarding pricing were excessive and restrictive," according to Sachem Capital.

Pending home sales declined by 2.1% on a monthly basis in May.

New-home sales declined by 11.3% in May.

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A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.

The National Home Price Index gained 6.3% in April on an annual basis.

Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.

HECM lending hasn't been this low since before the COVID-19 pandemic...