Jumbo-Conforming Spread Reaches Near Record Levels May 27, 2022 Brandon Ivey Volatility in the secondary market has led to a 49-basis-point interest rate spread between jumbo and comparable conventional loans.Read More
First Quarter Contraction Hits All Channels May 27, 2022 John Bancroft Per loan profitability plummets more than $3,000 year over year.Read More
Nonbanks Ride MSR Valuations to Higher 1Q22 Earnings May 25, 2022 Rising mortgage rates and Treasury yields cause MSR valuations to spike.Read More
Short Takes: Ocwen Buyback Plan Boosts Prices / MBA Promotes DeSanctis to VP of Communications / Census Bureau Numbers Indicate Sharper Market Downturn May 25, 2022 Dennis Hollier Ocwen authorizes buybacks to bolster stock prices.Read More
Fitch’s Outlook for FoA Shifts From Stable to Negative May 24, 2022 Brandon Ivey Fitch cited concerns about Finance of America's leverage along with concerns about profitability.Read More
Credit Quality Suffers as Originations Plunge May 23, 2022 Andras Malatinszky As mortgage originations declined in the first quarter of 2022, lenders loosened underwriting standards.Read More
Freddie to Expand Financing for ADUs May 23, 2022 Dennis Hollier Freddie Mac is set to increase financing options for accessory dwelling units.Read More
Power Buyers Helping First-Time Homebuyers Compete May 23, 2022 Sam Manas Power buyers are companies that provide homebuyers with all-cash offer options, bridge financing and trade-in solutions.Read More
Short Takes: Delinquencies Decline / No Foreclosure Surge / Home Sales Slow / Longbridge Names New COO May 23, 2022 Brandon Ivey and Monica Hogan Delinquencies and foreclosure starts both declined in April on a monthly basis.Read More
Expanded-Credit Mortgages Defy the Odds, Showing Growth in 1Q May 19, 2022 John Bancroft Since the beginning of 2021, $40.25 billion of ECM mortgage-backed securities have come to market...Read More
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