Short Takes: Freddie Assessing Tax Transcripts / GSEs Also Downgraded / New Non-Agency MBS / HUD Increases Outreach on Appraisal Bias / Terra Property Trust Improves Offer August 3, 2023 Brandon Ivey Freddie Mac improves income verification options for self-employed borrowers.Read More
Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Short Takes: Peak Interest Rates? / WAMC Chooses AGMIT / ‘Giving Away Mortgages’ July 28, 2023 Brandon Ivey Interest rates on mortgages are set to decline, according to NAR's economist.Read More
PacWest to Merge With Banc of California July 26, 2023 Brandon Ivey Both banks look to be selling off residential mortgages as part of the merger.Read More
Short Takes: Home Price Plateau? / HUD Officials at NYSE / Low Downpayment Offering From Guaranteed Rate / Terra Property Trust Buys Some AGMIT Stock July 26, 2023 Brandon Ivey Home prices could decline in the coming months, according to analysts at Capital Economics.Read More
MSR Transfers by UWM, Wells, Others Bolster Sales Activity in 2Q July 24, 2023 John Bancroft When in doubt, sell MSRs: UWM transferred $66.1 billion of product in 2Q23...Read More
Parent of Top Servicer Strikes Deal to Buy Global Alt Asset Manager July 24, 2023 Paul Muolo After the deal closes, Sculptor will operate as a subsidiary of Rithm and will continue to be led by CIO Jimmy Levin...Read More
Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Terra Property Trust Rebuts Some Claims Tied to Western Asset REIT July 14, 2023 Brandon Ivey The fate of Western Asset Mortgage Capital's convertible debt is a concern.Read More
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