Senate Democrats Seek Spot at GSE Reform Table June 17, 2025 Dennis Hollier "A decision of this magnitude cannot be made on a whim without Congressional consultation and approval," according to the lawmakers.Read More
Short Takes: Senate Swiftly Passes Trigger Lead Bill / Rocket Ramps Up CES Securitization / Disaster Recovery Program in California / From Mortgage Stadium to Bounce House June 13, 2025 Brandon Ivey The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.Read More
Chimera to Acquire Non-QM Lender HomeXpress June 12, 2025 Brandon Ivey The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.Read More
Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down June 12, 2025 Brandon Ivey UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.Read More
Subservicing Volume Increases Somewhat in First Quarter June 11, 2025 Paul Muolo Subservicers handled monthly processing work on 27.9% of outstanding residential loans as of the end of March.Read More
Short Takes: Trigger Lead Bill Clears House Committee / Applications Increase With Little Movement in Interest Rates / Foreclosures Decline / Strong Demand for RTL Securitization June 11, 2025 Brandon Ivey The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.Read More
Some Drawbacks to Trump’s Deregulatory Moves June 10, 2025 Brandon Ivey Industry participants would prefer to see rules updated rather than rescinded.Read More
Servicing Income Returns to Earth in First Quarter June 10, 2025 John Bancroft Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.Read More
Servicing Sales Head North Once Again, Prices Too June 9, 2025 Paul Muolo Roughly $50 billion in product should find its way to new owners in the coming weeks.Read More
Fed Expected to Hold in Near Term as Jobs Market Softens June 6, 2025 Brandon Ivey The Federal Open Market Committee looks unlikely to cut the federal funds rate at its next meeting, in mid-June.Read More
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