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Ginnie Faces Hurdles as SVP Cooper-Jones Retires

December 15, 2023
Monica Hogan
Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.
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Short Takes: HPA Expected to Slow / Foreclosures Decline / PrimeLending Growing in Texas / Cenlar Aims to ‘Fortify’ its Compliance

December 12, 2023
Brandon Ivey
Experts surveyed by Fannie project that home price appreciation in 2024 will come in at a rate of less than half of the appreciation accumulated this year.
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Short Takes: Jobs and Interest Rates / CFPB Servicing Rule Coming / Incenter Expands Advisory Services / Securitization of Proprietary Reverse Mortgages

December 8, 2023
Brandon Ivey
Despite a relatively strong jobs report, the MBA still anticipates that the Fed will begin to cut rates in the spring.
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Former Senior FDIC Official Named New Leader of CSBS

November 30, 2023
Brandon Ivey
Brandon Milhorn was most recently the deputy to Travis Hill, vice chair of the Federal Deposit Insurance Corp.
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Short Takes: Eye on the 10-Year / A Decline in Forbearance / CrossCountry Expands DPA Program / Rithm Completes Acquisition / APM Promotes Lowman to Chair

November 21, 2023
Brandon Ivey and Paul Muolo
Some 0.29% of mortgages were in forbearance as of the end of October.
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PNC Bulks Up on MSRs, Trims Production Executives

November 20, 2023
Paul Muolo
Among federally insured depositories, PNC has been a significant buyer of mortgage servicing rights...
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Fannie CEO to Take On President Role as Well

November 15, 2023
Dennis Hollier
Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.
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BLS: 6,800 Mortgage Jobs Were Lost in September

November 6, 2023
Paul Muolo
Almost 30,000 mortgage-banking jobs have evaporated over the past 12 months...
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Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options

November 3, 2023
Brandon Ivey and James Dohnert
“I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.
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Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar

October 31, 2023
Brandon Ivey
Prices were up 5.6% on an annual basis in August, according to FHFA.
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