Short Takes: GSE Bi-Merge Transition Delayed / FHA Updates Loss-Mitigation Waterfall / Updated Damage Estimates for CA Wildfires / A&D to Acquire Flagstar’s Wholesale Business via Mr. Cooper January 17, 2025 Brandon Ivey The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.Read More
Originations Decline at U.S. Bank, Revenue Takes Hit January 16, 2025 Brandon Ivey Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.Read More
Repurchases by Banks Decline in Third Quarter January 16, 2025 Namrata Bhatia Banks and thrifts repurchased $213.6 million of single-family mortgages during the third quarter, an 11.5% decline from the previous period.Read More
Short Takes: Chase Expects Small Hit From CA Wildfires / HUD Withdraws Affirmatively Furthering Fair Housing Proposal / Non-Agency MBS Flowing / Debt Offering From Redwood January 16, 2025 Brandon Ivey Chase expects a limited financial impact on its business from the LA-area wildfires.Read More
Residential Production Gains for Chase, Wells in 4Q January 15, 2025 Paul Muolo Originations at the two big banks increased by around 7% on a quarterly basis in the fourth quarter.Read More
Parrott, Zandi Issue Warning on Administrative GSE Reform January 15, 2025 Brandon Ivey The analysts said only legislation by Congress can address the government guarantee currently applied to Fannie Mae and Freddie Mac.Read More
Lenders See Ominous Signs on Interest Rates January 15, 2025 Paul Muolo No longer is it a given that the Federal Reserve will cut short-term rates twice this year. And the 10-year Treasury rate is elevated.Read More
Short Takes: Housing Groups Support Turner / FHA Looks to Boost Nonprofit Participation / Large Expanded-Credit MBS From CrossCountry / Pretium, Nomura Team on RPL MBS January 15, 2025 Brandon Ivey A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.Read More
Residential Mortgage Securitization Increases in Fourth Quarter January 14, 2025 John Bancroft Rate-term refis helped to drive up residential MBS issuance in the fourth quarter.Read More
Fix-and-Flip Lending Looks Poised for Growth January 14, 2025 James Dohnert Nick Bhargava, co-founder and executive vice president of regulatory affairs at Groundfloor Financing, said the current lack of affordable housing inventory has caused real estate investors to look to fix and flip more properties.Read More