Appraisers Slam Fannie’s Complaints to Regulators September 29, 2022 Dennis Hollier Danielle Marie Evans, a Tampa-based appraiser, said her dispute with the GSE and then Florida consumed more than a year of her time.Read More
loanDepot’s Debt Trading at Steep Discounts September 27, 2022 Paul Muolo Except for founder Anthony Hsieh, some loanDepot insiders of late have been selling shares in the company...Read More
Correspondents Gain Share in GSE Market September 27, 2022 Brandon Ivey Wells Fargo boosted its conventional-conforming lending through correspondents by 2.7%...Read More
Buybacks Spiked in 2Q22 September 26, 2022 John Bancroft Sellers repurchased 20.3% more GSE loans in 2Q22 than in the prior quarter.Read More
MISMO Updates Progress on UMDP September 26, 2022 Dennis Hollier At its fall summit, the Mortgage Industry Standards Maintenance Organization summarized upcoming changes to the uniform appraisal dataset and the uniform closing dataset.Read More
Short Takes: Florida Bank Shutters National Mortgage Business; GSE Economists Remain Bearish on Economic Growth; Federal Reserve Forecasts Slightly More Optimistic September 26, 2022 Dennis Hollier Rising interest rates continue to drag on housing and economic growth.Read More
Brokers Steamed at Fannie Mae Over TPO Fee September 23, 2022 Dennis Hollier The GSEs have discretion when setting prices so long as they meet minimum pricing guidance from their regulator...Read More
Short Takes: The Formula for Survival / Rates, A Historical Perspective / Bullish on MBS REITs / MSRs for Sale / AGMIT Gets a New CEO September 23, 2022 What might a 7% conventional mortgage do to the housing and mortgage markets? 8%?Read More
How Many Home Lenders are Losing Money? A Lot September 22, 2022 Paul Muolo Some shops, public and private alike, are living off the largess of the past two years.Read More
BofA’s Moynihan Stresses Benefit of Higher Interest Rates September 22, 2022 Brandon Ivey Interest rate hikes look to be a necessary evil, according to BofA CEO Brian Moynihan...Read More