Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT November 15, 2023 Brandon Ivey Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.Read More
Retail Channel Gains Share in Agency Market in 3Q November 14, 2023 Andras Malatinszky The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.Read More
Earnings, Outlook Get Worse for Better November 14, 2023 Paul Muolo Better lost $340 million in the third quarter and projects a decline in originations for the fourth quarter.Read More
Housing Groups Urge Congress to Avoid Government Shutdown November 14, 2023 Monica Hogan The MBA and other trade groups are urging Senate and House leadership to make sure funding and authorization for the National Flood Insurance Program doesn’t lapse on Nov. 17.Read More
Chopra Raises Concerns About Appraisal Management Companies November 14, 2023 Sam Manas CFPB Director Rohit Chopra focused on the interplay between appraisal management companies and how much appraisers are paid.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Green Shoots: A Slight Improvement in GOS Margins November 13, 2023 Paul Muolo Rocket Mortgage posted a GOS of 276 basis points in the third quarter compared with 269 bps in the prior period...Read More
BTIG on FoA: Negative Tangible Net Worth an Issue November 13, 2023 Paul Muolo CEO Graham Fleming called the lender the "preeminent provider of modern retirement solutions focused on the home."Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
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