A Decline in Home Lending for US Bank, Applications Spike April 19, 2023 Paul Muolo At March 31, USB’s “servicing for others” portfolio totaled $241.7 billion and had an asset value of 154 basis points.Read More
Short Takes: Applications Decline / Foreclosures Tick Up / LendingOne to Expand Wholesale April 19, 2023 Brandon Ivey Mortgage demand declines as interest rates increase...Read More
Mortgage Complaints to CFPB Up Sharply in Early 2023 April 18, 2023 Andras Malatinszky Complaints submitted to the CFPB regarding mortgages had declined steadily throughout 2022.Read More
Short Takes: Home Prices Inch Up / Origination Pipelines Constrained / Few Loans in Forbearance / New CRT from Freddie April 18, 2023 Brandon Ivey Home prices increased by 1.0% on a sequential basis in the first quarter of 2023.Read More
Home Point's Future: Maybe a REIT Conversion? April 17, 2023 Paul Muolo But maybe there is a way forward for the Ann Arbor-based nonbank...Read More
IMA Announces Second MSR Auction of the Week April 12, 2023 Paul Muolo The portfolio has a weighted average coupon of 3.26% and a loan-to-value ratio of 66.5%.Read More
AI Shows Promise for Mortgage Industry April 6, 2023 Sam Manas ChatGPT and similar artificial intelligence offerings can be used to improve efficiencies at mortgage companies.Read More
FHA Proposes Some Relief for HECM Servicers April 5, 2023 Monica Hogan FHA is taking feedback through April 11 on a new draft mortgagee letter proposing policy changes to its home equity conversion mortgage program.Read More
Income from Originations, Servicing Drops in Fourth Quarter April 4, 2023 John Bancroft Both originations and servicing were a lot less profitable in the fourth quarter of 2022.Read More
Dimon Critical of Mortgage Regulations for Banks April 4, 2023 Brandon Ivey Chase is "hanging on" and hoping for change in the mortgage market, according to Jamie Dimon.Read More
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