Long Timeline for New Credit Score Models at GSEs April 5, 2023 Dennis Hollier New credit scoring models will be fully implemented by the GSEs near the end of 2025, according to FHFA.Read More
Short Takes: Applications Decline / loanDepot and Hsieh Work it Out / Plenty of Equity April 5, 2023 Brandon Ivey Lower interest rates weren't enough to keep loan applications increasing.Read More
Income from Originations, Servicing Drops in Fourth Quarter April 4, 2023 John Bancroft Both originations and servicing were a lot less profitable in the fourth quarter of 2022.Read More
Dimon Critical of Mortgage Regulations for Banks April 4, 2023 Brandon Ivey Chase is "hanging on" and hoping for change in the mortgage market, according to Jamie Dimon.Read More
Suggestion for FHLBanks: Fund Nonbanks Indirectly April 4, 2023 Dennis Hollier The Federal Home Loan Banks could help support nonbank mortgage companies by funding the warehouse lenders that fund nonbanks.Read More
Hope for ARMs? Not Really. Production Took a Hit in 4Q22 March 31, 2023 Brandon Ivey ARMs accounted for 11.5% of originations in 2022 compared to a share of 6.0% the year before...Read More
Retail Channel’s Share of FHA/VA Lending Drops in 2022 March 30, 2023 Monica Hogan The retail channel's share of FHA/VA lending declined from nearly 50% in 2021 to 36.2% in 2022.Read More
First Republic Facing Scrutiny Following Bank Failures March 30, 2023 Brandon Ivey The bank's stock price is down significantly and a deposit infusion from big banks prompted downgrades of First Republic's ratings.Read More
Figure Readies MBS Backed by Nonbank-Originated HELOCs March 29, 2023 Brandon Ivey It's the first HELOC securitization from Figure to receive a credit rating.Read More
Little Change in Jumbo Channels but That Won’t Last (Wells) March 28, 2023 Brandon Ivey However, drastic market changes are likely as Wells Fargo ends its correspondent lending efforts...Read More
RSS