Redwood Posts Loss Despite Jumbo Portfolio Gains October 31, 2023 James Dohnert Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.Read More
GSE Move to Bi-Merge Credit Score Process Faces Pushback October 31, 2023 Dennis Hollier Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Underwriting on Fannie/Freddie Loans Tightens in 3Q23 October 30, 2023 Brandon Ivey Underwriting trends largely held steady for refis in the third quarter...Read More
Homestar Undecided on Fate of ‘Other’ Assets October 30, 2023 Paul Muolo In 2022, Homestar originated $2.5 billion in residential loans...Read More
Originations Down in 3Q, Trends at Top Lenders Vary October 27, 2023 John Bancroft Mortgage originations declined by an estimated 3.8% in the third quarter on a sequential basis.Read More
PennyMac Turns Profits on Originations, Servicing in 3Q October 27, 2023 Brandon Ivey Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.Read More
Moves by Banks Heavily Influencing Securitization Market October 27, 2023 Brandon Ivey Sales of agency MBS holdings by banks are driving prices down, a reduction in portfolio lending by banks is helping to spur ABS issuance and the CMBS market is waiting for banks to take write-downs on commercial loans.Read More
FHA Working to Help on Housing Affordability October 27, 2023 Monica Hogan Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.Read More
Short Takes: Rate Forecast Revised / Key Bank Offering Manufactured Home Financing / New Jumbo MBS / House Panel Looking at Insurance Costs October 27, 2023 Brandon Ivey "Higher for longer" is beginning to sink in.Read More