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
Mortgage Applications Cool Off as Interest Rates Idle October 2, 2024 Brandon Ivey Demand for both purchase mortgages and refis declined last week.Read More
Broker Share of Nonconforming Lending Grows October 2, 2024 James Dohnert The retail channel remained the largest source of nonconforming loans, though the channel’s market share dropped in the first half of 2024.Read More
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