Better Works With Fannie to Remain Eligible to Sell Loans April 17, 2024 Paul Muolo Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”Read More
Short Takes: Applications Increase / HPA Accelerates / Fannie Selling RPLs / Another CES Securitization From Rocket April 17, 2024 Brandon Ivey Applications increased even as interest rates rose.Read More
Mixed Views Among Lenders on FHFA’s Title Pilot April 16, 2024 Dennis Hollier The MBA has concerns while the Community Home Lenders of America supports the effort.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Short Takes: 10-Year Treasury Rate Spikes / FHFA, State Regulators to Share Info on Nonbanks / Applications for Purchase Mortgages Decline / Fannie Selling NPLs April 10, 2024 Brandon Ivey Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.Read More
Fairholme GSE Lawsuit Is Over; Time for the Appeal? March 21, 2024 Dennis Hollier Now that Judge Lamberth has issued his memorandum and order, the litigants can prepare for the (inevitable?) appeal.Read More
Short Takes: Foreclosures Decline / MSR Offering / New CEO at AmeriHome / Details on Fannie’s NPL Sale March 13, 2024 Brandon Ivey and Paul Muolo Foreclosure activity declined by 1% on a monthly basis in February.Read More
Biden Administration in No Rush on GSE Reform March 12, 2024 Brandon Ivey President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.Read More
FHFA Plans to Revise Survey of Borrowers March 12, 2024 Dennis Hollier FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.Read More
Short Takes: Biden Proposes Mortgage Tax Credit / Mixed Pricing Trends for Fannie’s CRT / New CRT From Freddie / Bank’s ARMs Go Into Annaly MBS March 8, 2024 Brandon Ivey President Biden proposed a tax credit of $400 a month to put toward a mortgage.Read More
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