FHA Should Eliminate Downpayment Requirements, Tozer Says September 19, 2023 Monica Hogan Former Ginnie Mae President Ted Tozer wants FHA to consider adjusting or eliminating its minimum downpayment requirement to put homeownership in the reach of more consumers.Read More
State Regulators Cite Nonbank Licensing Issues September 19, 2023 Sam Manas Jedd Bellman, senior counsel at Orrick, said regulators are getting frustrated by inaccuracy in mortgage call reports.Read More
Short Takes: ‘Mild’ Recession Expected / Waiting for Lower Rates / Few Loans in Forbearance September 19, 2023 Brandon Ivey Soft landing or mild recession...Read More
Sign of the Times? From Non-QM CEO to Loan Broker September 18, 2023 Sam Manas So far this year, Strauss has brokered more than 20 mortgages...Read More
Jumbo Originations Gain Market Share in Second Quarter September 15, 2023 John Bancroft An estimated $50 billion of jumbo mortgages were originated in the second quarter.Read More
Short Takes: Interest Rates Move Up / Home Sales Scuttled / Some Relief Expected / loanDepot Looking to Grow September 15, 2023 Brandon Ivey The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
CFPB Analysis Cites Concerns With Reverse Mortgage Ads September 14, 2023 Monica Hogan The CFPB examined direct mail ads for reverse mortgages.Read More
Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA September 14, 2023 Brandon Ivey Chase originated all of the mortgages in its latest jumbo MBS.Read More
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