Short Takes: Purchase-Mortgage Applications Down / Planet Looking for Retail Shops / FoA Turns to Ocwen / New MBS from Velocity May 3, 2023 Brandon Ivey Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.Read More
CFPB Finds PACE Loans Prompt Increase in Mortgage Delinquencies May 2, 2023 Brandon Ivey The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.Read More
Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp May 2, 2023 Brandon Ivey and Paul Muolo Chase isn’t going to follow First Republic’s jumbo-lending model.Read More
How Low Did 1Q Get? Just $290 Billion in Home Mortgages Funded May 1, 2023 John Bancroft The top three volume leaders in 1Q23: PennyMac Financial, United Wholesale Mortgage and Rocket Mortgage...Read More
The Battle Over LLPAs Continues, GOP Throws Its Marker Down May 1, 2023 Dennis Hollier Newly introduced legislation, if passed, would rescind FHFA's latest revisions to GSE pricing.Read More
PennyMac’s Profits Decline in First Quarter April 28, 2023 Brandon Ivey PennyMac's originations were essentially level in the first quarter, helping the lender become the largest producer in the industry.Read More
Redwood Sees Jumbo Opportunity as Banks Suffer April 28, 2023 James Dohnert Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.Read More
Mortgage Business at NYCB (Flagstar) Improves in First Quarter April 28, 2023 Brandon Ivey More originations, an improvement on margins and an increase in income from servicing at NYCB.Read More
FHA Gaining Popularity Among Borrowers, Home Sellers April 28, 2023 Monica Hogan Both purchase-mortgage borrowers and home sellers are increasing their acceptance of FHA mortgages.Read More
Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance April 28, 2023 Brandon Ivey There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.Read More
RSS