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Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT

May 9, 2024
Brandon Ivey
To this point, access to Fannie's income-calculation tool was only available through third parties.
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Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS

May 2, 2024
Brandon Ivey
The GSEs established a formal definition for mortgages to first-generation homebuyers.
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Fannie Increases Profits Despite Decline in Acquisitions

April 30, 2024
Dennis Hollier
Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.
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FHFA Final Rule Codifies Equitable Housing Finance Plans

April 30, 2024
Dennis Hollier
FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.
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Short Takes: Fannie Revises Originations Outlook Upward / Former Head of Correspondent Lending at Wells Lands at Mr. Cooper / DPA From loanDepot / CrossCountry Financing Energy Efficiency

April 23, 2024
Brandon Ivey
Economists at Fannie increased their projections for originations, citing "our more optimistic home price growth expectation and somewhat lower mortgage rate path, along with an upgraded expectation for home sales."
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Loans With Primary MI Gain Share in First Quarter

April 19, 2024
John Bancroft
The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.
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Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal

April 19, 2024
Brandon Ivey
“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.
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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.”
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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.
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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.
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