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Short Takes: FHFA’s Thompson Misses MBA Annual / HPA Shifts Ahead of Loan-Limit Announcement / Income Declines at Rithm / FHA Appraisals Added to FHFA Disclosures

October 29, 2024
Brandon Ivey
FHFA Deputy Director Naa Awaa Tagoe filled in for agency Director Sandra Thompson at the MBA's annual convention.
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A Four-Year High on FHA Delinquencies. Time to Worry?

October 28, 2024
Monica Hogan
FHA delinquencies haven't been this high since the early days of COVID.
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Servicing Values Take a Hit in 3Q

October 28, 2024
Paul Muolo
One advisor, requesting anonymity, said he had a couple of clients who took “double-digit” markdowns.
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PrimeLending Takes Loss in 3Q, Originations Decline

October 25, 2024
Brandon Ivey
PrimeLending took an $8.7 million loss in the third quarter, with originations declining compared with the second quarter and a reduction in margins.
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FHA Issues Draft Mortgagee Letters on Foreclosures, Underwriters

October 25, 2024
Monica Hogan
One addresses foreclosures in states with a nonjudicial foreclosure process and the other would modify requirements for direct endorsement underwriters.
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Servicing Issues Increase in Mortgage Complaints to CFPB

October 24, 2024
Shannon Clark
Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.
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Annaly Returns to Profitability in Third Quarter

October 24, 2024
Brandon Ivey
Annaly says it increased its holdings of agency MBS with higher coupons during the third quarter.
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Short Takes: Mr. Cooper Growing and Shrinking / State Regulators Urge Mortgage Industry to Log In / Home Sales ‘Stuck’ / Expanded-Credit MBS From A&D

October 24, 2024
Brandon Ivey
Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.
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Strong 3Q Originations From PFSI... But MSRs Values Nicked

October 23, 2024
Paul Muolo
PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...
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Short Takes: FHFA Proposes Changes to FHLBanks Board Structure / Justice Department Sues Rocket / Redwood Preps Jumbo ARM Securitization / LoanCare Launches New Refi Recapture Program

October 22, 2024
James Dohnert and Dennis Hollier
FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.
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