Short Takes: 10-Year Treasury Rate Spikes / FHFA, State Regulators to Share Info on Nonbanks / Applications for Purchase Mortgages Decline / Fannie Selling NPLs April 10, 2024 Brandon Ivey Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.Read More
Agency MBS Issuance Picks Up in March April 9, 2024 John Bancroft Agency securitization of purchase loans looks to have turned a corner in March, with volume rising 13.5% from February.Read More
FDIC Highlights RESPA Compliance Issues at Banks April 9, 2024 Shannon Clark Some banks are failing a RESPA test on whether payments are “reasonably related” to the value of the services provided.Read More
M&A Activity Largely Focused on Servicing April 9, 2024 Paul Muolo “The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.Read More
Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands April 9, 2024 Brandon Ivey Rocket plans to offer its AI platform to other companies later this year.Read More
Fannie and Freddie Loosen the Purse Strings on Loan Credit April 8, 2024 Paul Muolo Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics — slipped to 11.26%...Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
OCC Taking Closer Look at Banks, Fair Lending April 5, 2024 Brandon Ivey The OCC is using staff skilled in the analysis of complex models to support fair lending exams of banks.Read More
Strong Jobs Report for March Could Delay Rate Cut April 5, 2024 Brandon Ivey Hiring activity in March was stronger than expected, which could help prompt the Fed to delay cutting interest rates.Read More
Short Takes: CFPB’s Thoughts on UWM, Brokers? / UWM’s Stock Rebounds / Slow Decline in Rates Expected April 5, 2024 Brandon Ivey Will the allegations against United Wholesale Mortgage amount to anything more than a slight decline in the nonbank's stock?Read More