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
Financial Services Groups Happy With Debt Ceiling Bill May 30, 2023 Brandon Ivey Trade groups endorsing the legislation include the American Bankers Association and the Securities Industry and Financial Markets Association.Read More
Lenders Face Headwinds From Bank Volatility May 30, 2023 Dennis Hollier MBA Chief Economist Mike Fratantoni cautioned that mortgage originations could face ongoing pressure tied to issues with banks.Read More
Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating May 30, 2023 Brandon Ivey Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...Read More
Correspondent Channel Gains Share Even with Wells’ Exit May 26, 2023 John Bancroft Wells reported just $980 million in correspondent production in the first quarter, effectively leaving about $4.5 billion on the table for others.Read More
Colonial Savings to Cease Offering Mortgages May 26, 2023 Brandon Ivey The depository institution started offering mortgages in 1952.Read More
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