Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
Prime Non-Agency MBS Issuance Craters in 3Q22 October 18, 2022 Brandon Ivey Lenders are still originating plenty of mortgages that back prime non-agency MBS — it’s just that the loans are residing elsewhere...Read More
FHA Proposes Raising Loan Limits for Title I Manufactured Housing October 18, 2022 Monica Hogan FHA is taking comments on the proposal through Dec. 19...Read More
Short Takes: NDM Hires Former loanDepot Wholesale Manager / Also… / More Stock Sales by LD Insiders / Job Losses at Clear Capital / A Sudden Departure at Ally / Tozer Weighs In October 18, 2022 Paul Muolo and Monica Hogan Insiders at loanDepot keep unloading shares...Read More
U.S. Bank Bucks the Trend, Increases Home Lending in 3Q. A Large Decline for BofA October 17, 2022 Paul Muolo BofA also reduced its home-equity volume, producing $2.4 billion of loans in 3Q22 compared to $2.5 billion the quarter before...Read More
As Midterms Approach, Optimism Regarding a MIP Cut Grows October 17, 2022 Monica Hogan A MIP cut soon? FHA Commissioner Julia Gordon is speaking next week at the annual MBA convention...Read More
Mortgage Bellwethers Wells and JPM Disclose 3Q Originations. It’s Not Pretty October 14, 2022 The only silver lining: Both saw the asset value of their servicing portfolios rise in the quarter, JPM’s by 7%, Wells 9%.Read More
A 34% Production Decline at First Republic October 14, 2022 Brandon Ivey The bank's originations lean heavily toward jumbos...Read More
Lenders Bracing for Stagnant Home Prices Next Few Years. GSE Loan Limits? October 13, 2022 Brandon Ivey Bearish? Fannie Mae now expects home prices to decline by 1.5% on an annual basis compared to a previously estimate of +4.4%...Read More
Home Point Cancels Credit Suisse Repo Line October 12, 2022 Paul Muolo Home Point said the lender and CS "mutually agreed to terminate" the master repurchase agreement...Read More
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