Short Takes: Warren Frustrated by McKernan, Pulte / Figure’s eNote Registry Growing / Pennymac Sponsoring Team USA / LendingTree’s Mortgage Profits Increase March 6, 2025 Brandon Ivey Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.Read More
Short Takes: CRT Issuance From Fannie / Mixed Trends in Non-QM Performance / FICO Mortgage Simulator / Home Improvement Financing March 4, 2025 Brandon Ivey Fannie Mae is set to issue a credit risk transfer deal tied to a pool of mortgages with an unpaid principal balance of $17.0 billion.Read More
Short Takes: Cost of Rocket’s Rebrand / Figure Forms Joint Venture With Sixth Street / Pending Home Sales Decline / Losses Narrow at Blend February 28, 2025 Brandon Ivey The rebrand included an ad during the Super Bowl.Read More
Crypto Usage in Real Estate Could See Boost From Trump February 27, 2025 James Dohnert The Trump administration is taking a much more friendly stance on crypto than the Biden administration.Read More
Short Takes: Real Estate Wire Fraud a Growing Concern / MBA Applauds CFPB Director Pick / CFPB Cuts 100 / Home Listings on the Rise, Demand on the Decline / Consumers Struggling to Pay Off Debts February 14, 2025 James Dohnert Consumers say they are willing to pay extra for more secure real estate transactions.Read More
Short Takes: Homebuyers Increasingly Turning to AI / Sellers Cutting Prices to Woo Buyers / Chase Plans Jumbo MBS / Rocket Preps MBS of CES Loans February 13, 2025 James Dohnert One in three homebuyers are using artificial intelligence tools at some point during the process.Read More
RE/Tech Firm Launches Crypto-Backed Mortgage February 11, 2025 James Dohnert The loan can be underwritten using Bitcoin or Ethereum as collateral.Read More
No Relief From Rising Cyberattack Insurance Premiums February 10, 2025 Paul Muolo One official complained both about the cyberattack premiums and the ceiling on any payouts.Read More
Short Takes: Turner Confirmed as HUD Leader / Non-Delegated Program at PennyMac / Mortgage-Tech Losses Pile Up at ICE / loanDepot Partners With Homebuilder February 6, 2025 Brandon Ivey Scott Turner's nomination to lead HUD was approved by the Senate on a 55-44 vote.Read More
Short Takes: FICO’s Score Revenue Jumps / PennyMac Upsizes Debt Offering / Optimal Blue to Offer AI Tool / Jumbo MBS From Redwood / Better Rewards Program February 5, 2025 Brandon Ivey FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.Read More