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Short Takes: Frustrations Mount for loanDepot Borrowers / Refi Share Grows / Fannie RPL Sale / Servicing Exams Complex / Publishing Break

January 12, 2024
Brandon Ivey
loanDepot's borrowers are facing difficulties making mortgage payments...
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GSE Buybacks Drop in Third Quarter

January 3, 2024
John Bancroft
Buybacks from the GSEs declined by 29.0% in the third quarter compared with the previous quarter.
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Industry Demands More Data From FHFA on Credit Score Changes

December 22, 2023
Dennis Hollier
A coalition of most of the major mortgage industry participants says FHFA and the GSEs should be more transparent about how they assessed and validated the new credit score models.
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Agency Servicing Volume Tops $9.0 Trillion in Third Quarter

December 15, 2023
John Bancroft
Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.
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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.
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Short Takes: Improving Outlook for Private MIs / PacWest Merges With Banc of California / Buyback on 1997 Mortgage / A Low for Home Sales

December 1, 2023
Brandon Ivey and John Bancroft
Fitch adjusted its outlook for the mortgage insurance industry from “deteriorating” to “neutral.”
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FHFA Formally Reduces Fee on Commingled Securities

November 22, 2023
Dennis Hollier
Several commenters argued that any capital requirement on commingled securities might interfere with the fungibility of the uniform mortgage-backed security.
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Fannie CEO to Take On President Role as Well

November 15, 2023
Dennis Hollier
Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.
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Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT

November 15, 2023
Brandon Ivey
Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.
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GSE Mortgage Holdings Decline in 3Q

November 9, 2023
Dennis Hollier
Fannie Mae's portfolio has only been smaller once since the financial crisis.
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