Warehouse finance volumes are down noticeably this year as originations sag in the primary market. The only good news to speak of is that some originators might be approaching break-even. (Includes data chart.)
The fintech that promised to smooth out borrowers’ home transitions with cash offers and “sell before you buy” financing has shut shop, citing market conditions and difficulty raising capital.
The ratings outlook for Fannie Mae, Freddie Mac and two of the FHLBanks have been upgraded from negative to stable, reflecting strong economic growth and heightened government support.
According to new research paper, nonbanks use their MSRs to help fund operations in a rising rate environment, resulting in stronger originations in comparison to banks.
While some of the White House’s latest measures are funded through previous legislation and codified into law, several actions rely on as-yet-unfunded proposals.
Institutional investors have forced down the price of mortgage company debt, making it harder for new deals to come to market. But is it the end of the world?
A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.
The House Committee on Rules recently unveiled text for the $1.75 trillion Build Back Better legislative framework, which would include $10 billion for a new first-generation downpayment assistance fund.
RSS