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
The HUD Mortgagee Review Board Tally: 65 Shops Sanctioned March 28, 2023 Monica Hogan The largest fine, for $16 million, was levied on Dwight Capital for supposedly charging loan fees in excess of 5%...Read More
HECM Lending Has Its Best Showing Since 2009 March 27, 2023 Monica Hogan The top three HECM lenders in 2022: American Advisors, Mutual of Omaha Mortgage and Finance of America...Read More
loanDepot’s Debt Falls Below 50 Cents on the Dollar March 27, 2023 Paul Muolo LDI Management is forecasting 1Q23 production of $3.0 billion to $5.0 billion...Read More
JPM Stocks DSCR Loans in Non-Agency MBS March 27, 2023 Brandon Ivey It's the second DSCR non-agency MBS from Chase, following a deal issued in November.Read More
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