Consumer Direct Unit Changes Hands Among Smaller Banks June 20, 2023 Brandon Ivey BNC National Bank sold its consumer direct lending unit to First Federal Bank.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
MBS Spreads Tighten, Providing Some Relief June 16, 2023 Paul Muolo Agency mortgage-backed security spreads to Treasuries recently moved to their tightest level in seven weeks.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Banks’ Mortgage-Banking Income Increases June 15, 2023 Brandon Ivey Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.Read More
UnidosUS Launches Latino Homeownership Campaign June 15, 2023 Sam Manas The Hispanic advocacy nonprofit has a goal to create four million new Latino homeowners by 2030.Read More
Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Short Takes: Fed’s Impact on Mortgage Rates / FHA Servicers Struggled Amid COVID / Ginnie Extends RON / Unknown Lenders in Annaly’s MBS June 15, 2023 Brandon Ivey Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.Read More
GSE MBS Issuance Increases in May June 14, 2023 Dennis Hollier Among the top 100 GSE lenders in May, most saw a significant sequential increase in production.Read More
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