New American VP Departs Lender June 29, 2023 Paul Muolo New American funded $2.0 billion of home mortgages in 1Q23, most of it through the retail channel.Read More
Mortgage Companies Look to Tech for Help on Costs June 29, 2023 James Dohnert Both lenders and servicers are looking into automation to help reduce costs.Read More
Short Takes: FHA Updates Multifamily Loan Limit / Minority Borrowers Recovering After Forbearance / HPA Outpacing Wage Growth / Home Price Outlook June 29, 2023 Brandon Ivey FHA is making moves on multifamily loans...Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
First-Time Homebuyers Facing Challenges June 28, 2023 Monica Hogan A household would need an annual income of $117,000 to afford a median-priced home, 20% more than a year earlier.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Mortgage Securitization Rate Continues Slide June 27, 2023 John Bancroft As originations decline, the securitization rate shrinks.Read More
Lenders Critical of Proposal on NMLS Reporting Requirements June 27, 2023 Sam Manas The proposed standards would create uniform requirements for mortgage companies licensed through the NMLS.Read More
Short Takes: Home Prices Tick Up / FHA to Require SCIF / Broeksmit on Warehouse Lenders / Capital Requirements June 27, 2023 Brandon Ivey Home prices increased again on a monthly basis in April.Read More
Banks Lose More Market Share in First Quarter June 23, 2023 John Bancroft The nonbank share of mortgage originations is moving closer to where it was during the pandemic refi boom.Read More
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