HELOCs From UWM, loanDepot Fuel Chase’s MBS December 21, 2023 Brandon Ivey It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.Read More
Mixed Trends in Jumbo Lending as Retail Production Declines December 20, 2023 James Dohnert The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.Read More
Consumer Groups Happy With New CDFI Certification Process December 19, 2023 James Dohnert Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.Read More
Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS December 19, 2023 Brandon Ivey Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.Read More
Short Takes: Bipartisan Support on Trigger Leads / Quantifying the Refi Opportunity / New Expanded-Credit MBS / Thrive to Merge With Lower December 15, 2023 Brandon Ivey and John Bancroft S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.Read More
Short Takes: UWM Cuts Rates for Refis / Loan Defects Decline / New Equity-Sharing Product / Fannie’s CRT Issuance to Slow December 14, 2023 Brandon Ivey UWM is offering interest rate discounts on loans from streamlined refi programs at FHA and VA.Read More
Dual Securitizations With Figure HELOCs on Offer December 8, 2023 James Dohnert Previous deals involving Figure have performed well, according to DBRS.Read More
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.Read More
Nonbank Lender Stocks Non-Agency MBS With GSE-Eligible Loans December 7, 2023 Brandon Ivey The $576.2 million non-agency MBS is the first from CalCon Mutual Mortgage.Read More
Non-QMs Gaining Traction With Borrowers, LOs December 6, 2023 James Dohnert “There’s just incredible pent-up demand right now,” said Aaron Samples, chief revenue officer of Logan Finance.Read More