FHFA Considers Revisions to GSE Pricing May 16, 2023 Brandon Ivey FHFA issued a request for input regarding the framework that applies to pricing single-family mortgages delivered to the GSEs.Read More
Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles May 16, 2023 Brandon Ivey and Paul Muolo About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...Read More
CFPB Fields Renewed Requests on LO Compensation May 12, 2023 Sam Manas The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.Read More
FHFA Backs Down on Planned DTI Fee May 11, 2023 Dennis Hollier The controversial fee was set to take effect Aug. 1.Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Short Takes: What a U.S. Default Would Do to Interest Rates / Foreclosures Slow / ‘Silly Reporters’ / GAAP Would Like a Word May 11, 2023 Brandon Ivey The mortgage industry fallout if Congress and the White House fail to raise the debt ceiling: Zillow predicts 8.40% interest rates on 30Y FRMs.Read More
MSR Markdown Prompts Another Loss for United Wholesale May 10, 2023 Brandon Ivey Margins jumped but MSR markdowns overwhelmed UWM's income in the first quarter.Read More
loanDepot Books Loss in First Quarter, Margins Improve May 10, 2023 Paul Muolo Originations declined, margins improved, but a loss was still in the cards for the first quarter.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Non-QMs an Option for Borrowers in Cannabis Industry May 10, 2023 James Dohnert While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.Read More
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