Short Takes: Ginnie Considers New HECM MBS Product / Agreement in Congress on LIHTC / First American to Take a Hit / New Leader at NAAHL January 16, 2024 Brandon Ivey The new Ginnie product would relieve pressure for reverse mortgage lenders.Read More
Originations at Big Banks Decline in Fourth Quarter January 12, 2024 Brandon Ivey Mortgage originations declined by about 30% in the fourth quarter at BofA, Chase and Wells.Read More
HUD Seeks More Funding to Address Housing Supply January 12, 2024 Monica Hogan Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.Read More
Short Takes: Frustrations Mount for loanDepot Borrowers / Refi Share Grows / Fannie RPL Sale / Servicing Exams Complex / Publishing Break January 12, 2024 Brandon Ivey loanDepot's borrowers are facing difficulties making mortgage payments...Read More
HECM Activity Ends Slide in Third Quarter January 11, 2024 Namrata Bhatia HECM endorsements increased in the third quarter after four consecutive quarterly declines.Read More
Short Takes: Mixed Trends in Foreclosures / Good Quarter for Homebuilder’s Lender / Insight on Combined LTV Ratios / Radian Invests in FinLocker January 11, 2024 Brandon Ivey Foreclosure activity looks to be returning to more traditional patterns following pandemic volatility.Read More
Bank Regulators Plan Mortgage Adjustments to Capital Proposal January 10, 2024 Brandon Ivey Trade groups representing mortgage lenders have raised grave concerns about proposed changes to capital requirements for large banks.Read More
Banking Veteran Gets President’s Job at Mr. Cooper January 10, 2024 Paul Muolo Mr. Cooper ranks sixth in MSR ownership...Read More
Pricing MBS: 10-Year Treasury Not Necessarily Best Option January 10, 2024 Dennis Hollier Chris Bennett, a veteran MBS trader and founder of Vice Capital Markets, suggests looking to the five-year Treasury rate for current coupon mortgages.Read More
Short Takes: New Top Issuer of Non-Agency MBS / Choppy Application Trends / Home Price Projections / MSR Offering January 10, 2024 Brandon Ivey and Paul Muolo JPMorgan Chase is no longer the largest issuer of non-agency MBS.Read More
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