Short Takes: Higher for Longer / Home Prices Increase / Homeowner Tenure Levels Off / HECM MBS From Ocwen February 15, 2024 Brandon Ivey Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.Read More
Freddie’s Single-Family Income Increases in Fourth Quarter February 14, 2024 Brandon Ivey The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.Read More
Deliveries to GSEs Down 8.4% in January February 14, 2024 Dennis Hollier Lenders delivered $41.06 billion of loans to Fannie Mae and Freddie Mac in January.Read More
Academy Purchase Will Add 600 LOs, 200 Branches to Guild’s Empire February 14, 2024 Paul Muolo In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.Read More
Appraisal Organization Working to Increase Diversity February 14, 2024 Shannon Clark According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.Read More
Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent February 14, 2024 Brandon Ivey Demand for both purchase mortgages and refinances declined as interest rates ticked up.Read More
Correspondent Channel Gains Share in Agency Market February 13, 2024 Andras Malatinszky The correspondent channel accounted for 37.0% of agency deliveries in the fourth quarter, up from a 34.6% share the previous quarter.Read More
Federal Regulators Reiterate Standards on Appraisal Bias February 13, 2024 Brandon Ivey Federal regulators noted issues examiners look for regarding valuation discrimination and bias.Read More
Consumer Advocates Caution Banks on CRA Lawsuit February 13, 2024 Shannon Clark “If I were a dues-paying member of these trade groups, I might ask for my money back,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, commenting on bank trade groups challenging revisions to CRA standards.Read More
Time to Staff Up? According to Some, Yes… February 12, 2024 James Dohnert With the spring homebuying season just around the corner, lenders may want to staff up...Read More