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Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB

April 2, 2024
Brandon Ivey and Paul Muolo
Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.
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As Late Payments on Non-QMs Rise, Lenders Take Note

April 1, 2024
Paul Muolo
Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...
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FHFA Conducting Targeted Exams of Nonbanks

March 29, 2024
Brandon Ivey
Between October 2021 and August 2023, 21 exams were conducted.
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Presidential Election Will Impact Regulatory Environment

March 28, 2024
Monica Hogan
Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.
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Mortgage Profitability Declines in Fourth Quarter

March 27, 2024
John Bancroft
Earnings from both originations and servicing took another hit in the fourth quarter of 2023.
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For Sale: MSRs With a Delinquency Rate North of 5%

March 27, 2024
Paul Muolo
The delinquency rate on the conventional loans is 5.23%.
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Short Takes: Figure Lending’s Parent Files Confidential IPO Papers / Slow Start to Spring Homebuying Season / Home Price Depreciation in Large Cities / GITSIT (Formerly Kondaur) Wins NPL Auction

March 27, 2024
Brandon Ivey
Figure Technology Solutions filed a confidential S-1 statement.
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State Regulators to Move Forward on Mortgage Reporting Overhaul

March 26, 2024
Shannon Clark
CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.
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Short Takes: Home Prices Decline / Sales of New Homes Slow / Renting Cheaper Than Buying / Non-QM Delinquencies Increasing

March 26, 2024
Brandon Ivey
The monthly decline in home prices in January was the first decline since August 2022.
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Short Takes: Higher for Longer / MSR Package for Sale / Dual Jumbo MBS From Goldman / More Non-Agency MBS

March 20, 2024
Brandon Ivey and Paul Muolo
Economists at Fannie Mae revised their interest rate projections, anticipating that rates on mortgages will stay higher for longer.
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