Short Takes: Mortgage Applications Spike / Fannie Selling RPLs / RTL Securitization From Neuberger Berman / LO Promoted to President of Rate Mortgage March 5, 2025 Brandon Ivey A decline in interest rates helped to increase demand for refis and purchase mortgages last week.Read More
FHLBank Earnings Down Slightly in 2024 March 4, 2025 Dennis Hollier For the seventh quarter in a row, the Des Moines bank was the most profitable.Read More
CSBS Planning Refinements to Mortgage Call Report March 4, 2025 Shannon Clark The largest pending change to the MCR is that it will support implementation of prudential standards.Read More
Short Takes: CRT Issuance From Fannie / Mixed Trends in Non-QM Performance / FICO Mortgage Simulator / Home Improvement Financing March 4, 2025 Brandon Ivey Fannie Mae is set to issue a credit risk transfer deal tied to a pool of mortgages with an unpaid principal balance of $17.0 billion.Read More
Conventional-Conforming Share Declines in 2024 February 28, 2025 Brandon Ivey Government-insured lending and nonconforming mortgages took share from the conventional-conforming market in 2024.Read More
CFPB Backs Out of Lawsuits Involving Rocket, Vanderbilt February 28, 2025 Shannon Clark No explanation for the dismissals was provided in the court filings that announced the moves.Read More
Rocket’s Earnings Improve in 4Q, Originations Poised to Increase February 28, 2025 Brandon Ivey The swing in earnings was tied to the value of mortgage servicing rights, among other factors.Read More
Short Takes: Cost of Rocket’s Rebrand / Figure Forms Joint Venture With Sixth Street / Pending Home Sales Decline / Losses Narrow at Blend February 28, 2025 Brandon Ivey The rebrand included an ad during the Super Bowl.Read More
Pulte, McKernan Face Senators at Confirmation Hearing February 27, 2025 Brandon Ivey Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.Read More
Loan Removals From Ginnie MBS Up Sharply in 2024 February 27, 2025 Namrata Bhatia Borrower payoffs reflect heavy refinance activity in the Ginnie program.Read More
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