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
Expanded-Credit Sector Loses Market Share in Third Quarter December 5, 2023 James Dohnert The ECM sector’s share of total originations declined to 2.3% in the third quarter.Read More
What's Up Doc? How About a Mortgage? December 4, 2023 James Dohnert Guild’s medical professional loan program offers up to 100% financing and no MI with credit scores of at least 680...Read More
Annaly to End Lull in Expanded-Credit MBS Issuance November 29, 2023 James Dohnert Annaly's $389.5 million expanded-credit mortgage-backed security ends a two-week period between expanded-credit MBS offerings.Read More
Jumbo Originations Decline in Third Quarter November 21, 2023 James Dohnert Jumbo production declined by 6.0% in the third quarter and the sector lost some market share.Read More
Modest Increase in Non-Agency MBS Issuance Expected November 21, 2023 Brandon Ivey Issuance of non-agency MBS and GSE CRT deals will increase by 9% on an annual basis in 2024, according to projections by Kroll Bond Rating Agency.Read More
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