Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Green Shoots: A Slight Improvement in GOS Margins November 13, 2023 Paul Muolo Rocket Mortgage posted a GOS of 276 basis points in the third quarter compared with 269 bps in the prior period...Read More
BTIG on FoA: Negative Tangible Net Worth an Issue November 13, 2023 Paul Muolo CEO Graham Fleming called the lender the "preeminent provider of modern retirement solutions focused on the home."Read More
Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Guild Stays Profitable in 3Q November 9, 2023 James Dohnert A gain-on-sale increase helped Guild boost its earning compared to the second quarter.Read More
Channel Shift Helped Expand Credit Box for FHA Loans November 9, 2023 Brandon Ivey The average credit scores for new originations of FHA mortgages declined somewhat after BofA and JPMorgan Chase ceased correspondent aggregation in the market.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
FHFA Plans Changes for FHLBank System November 8, 2023 Dennis Hollier One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.Read More
Earnings Improve at UWM, Aided by MSRs November 8, 2023 Paul Muolo UWM transferred $14.7 billion of servicing rights in the third quarter.Read More
loanDepot Working to Cut More Costs Amid Losses November 8, 2023 Paul Muolo The nonbank is working on another round of cost-cutting measures.Read More
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