NYCB Selling Flagstar’s Warehouse Loans to Chase May 15, 2024 Paul Muolo The sale effectively takes Flagstar out of the warehouse lending arena.Read More
Banks Reiterate Frustrations With CRA Revision Rollout May 15, 2024 Brandon Ivey “In short, the agencies tried to do too much,” the American Bankers Association said.Read More
Originations of Higher-Price Mortgages Down in 2023 May 15, 2024 James Dohnert The top higher-priced mortgage lender in 2023 was 21st Mortgage, with $2.55 billion in volume.Read More
Short Takes: Weak Demand for Purchase Mortgages / Uncertainty Among Homebuyers / Investors Step Up / M&T Downgraded May 15, 2024 Brandon Ivey The decline in demand for purchase mortgages was most prominent for FHA mortgages, where applications declined by 9% on a weekly basis.Read More
Another Loss for Better; Lender Sees Traction on HELOCs May 14, 2024 Paul Muolo Better's gain-on-sale margin improved to 237 basis points in 1Q24 from 203 bps for all of 2023...Read More
HUD Seeks Additional Funds for Affordable Housing May 14, 2024 Monica Hogan The funding request includes $81.3 billion for HUD programs to increase the housing supply and lower homeownership costs.Read More
Short Takes: HPA Expected to Slow / Locks for Purchase Mortgages Increase / Rocket Settles With HUD on Fair Lending / First-Generation Homebuyer Product May 14, 2024 Brandon Ivey Home price appreciation in 2024 is expected to be well below the 5.5% annual appreciation seen in 2023, according to Fitch Ratings.Read More
Guild Boosts Originations and Earnings in First Quarter May 10, 2024 Brandon Ivey Guild generated a profit of $28.4 million in the first quarter of 2024.Read More
Rate Lock-in Not Primary Factor in Moving Plans May 9, 2024 James Dohnert A new survey shows that higher interest rates may not be the only thing stopping homeowners from moving.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
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