Congress Working on HUD Budget That Won't Outpace Inflation June 6, 2023 Monica Hogan Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.Read More
Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal June 6, 2023 Brandon Ivey In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.Read More
A Not-So-Bad Decline in 1Q23 EC Production June 5, 2023 Brandon Ivey The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...Read More
Purchase-Mortgage Share Hits 85% in First Quarter June 2, 2023 John Bancroft The purchase-mortgage share is growing as refinance business dwindles.Read More
Biden Administration Proposes Rule on Automated Valuation Models June 2, 2023 Sam Manas Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.Read More
To Boost Non-QM Lending, Educate Loan Originators June 2, 2023 James Dohnert “MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.Read More
Short Takes: Strong Economy Pushing Interest Rates Up / Potential Borrowers Waiting / Planet Home Expands Retail Footprint / Fractional Home-Equity Tokenization June 2, 2023 Brandon Ivey The market has priced in the likelihood of another Fed rate hike...Read More
Mortgage Income at Nonbanks Choppy in First Quarter May 31, 2023 John Bancroft Half of the 16 public nonbanks posted losses in the first quarter.Read More
Influx of GSE Repurchase Requests May Not Reflect Policy Changes May 31, 2023 Dennis Hollier Fannie and Freddie believe the surge in repurchase requests simply reflects market trends.Read More
Short Takes: Applications Wane / FHFA RFI on Tenant Protections / DSCR Calculations / Forgivable Second Lien May 31, 2023 Brandon Ivey Interest rates go up again, mortgage applications go down again.Read More