Average Credit Score for FHA Loans Up in 2023 February 22, 2024 Monica Hogan The increase was driven by higher scores on purchase mortgages.Read More
Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More
Redwood Posts Profit to Close Out 2023 February 21, 2024 James Dohnert Redwood Trust reported a $21 million profit in the fourth quarter that was attributed to the company’s push to boost its liquidity for 2024.Read More
Short Takes: dv01, Fitch Team for New Non-Agency RMBS Benchmarks / Premier Lending Adopts FICO Score 10 T / LoanCare Launches App / Habitat for Humanity’s CDFI Gets a Name Change February 21, 2024 James Dohnert The new partnership's benchmarks focus on the non-QM and prime-jumbo markets.Read More
Fitch Maintains Top Ranking for ABS and RMBS Ratings in 4Q February 20, 2024 John Bancroft Fitch maintained its top ranking in rating both ABS and non-agency MBS deals issued in 2023.Read More
Maxex Offers New Outlet for Agency-Eligible Loans February 16, 2024 James Dohnert Lenders can sell agency-eligible mortgages for investment properties and second homes on Maxex's platform.Read More
Short Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break February 16, 2024 Brandon Ivey FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.Read More
Profits Decline at Fannie in Fourth Quarter February 15, 2024 Brandon Ivey For the full year, Fannie's net income hit $17.41 billion, up 34.7% from 2022.Read More
Short Takes: Higher for Longer / Home Prices Increase / Homeowner Tenure Levels Off / HECM MBS From Ocwen February 15, 2024 Brandon Ivey Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.Read More
Freddie’s Single-Family Income Increases in Fourth Quarter February 14, 2024 Brandon Ivey The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.Read More
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