A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’ June 15, 2022 Paul Muolo Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...Read More
Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
CDFIs Under Scrutiny as Their Non-QM Production Increases June 14, 2022 Brandon Ivey Loans originated by CDFIs also are exempt from risk-retention requirements...Read More
ARM Market Share Increases. However... June 14, 2022 Bank of America was the top ARM lender in the first quarter...Read More
Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33% June 13, 2022 Paul Muolo Veteran loan broker Marc Savitt: “The higher rates go, more people won’t qualify or will hold off until things slow down.”Read More
A Buyer’s Market for Mortgage Companies? June 13, 2022 Paul Muolo The other mortgage firm confirming its interest in buying other shops is CrossCountry Mortgage...Read More
Angel Oak Ends Lull in Non-QM MBS Issuance June 10, 2022 Brandon Ivey The MBS is stocked with loans originated before the runup in interest rates.Read More
UWM Settles Overtime Pay Lawsuit to Focus on Business June 10, 2022 Monica Hogan The settlement won’t prompt any changes to UWM’s policies or practices...Read More
Ouch: A 41% Drop in Conforming Jumbos June 9, 2022 John Bancroft The conforming-jumbo share of agency business fell from 7.5% in December to 6.7% in January as the new loan limits took effect...Read More
Wells Fargo and Mortgages, The Love Affair Is Over June 9, 2022 Brandon Ivey CEO Scharf said GSE underwriting guidelines put Wells in a “difficult" position...Read More
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