FHFA, FHA Set New Standards for Reconsideration of Value May 2, 2024 Brandon Ivey FHFA and FHA issued new standards for reconsiderations of value.Read More
Fed Tweaks Strategy for MBS Portfolio May 2, 2024 Brandon Ivey Some MBS payoffs that were reinvested in agency MBS will instead be invested in Treasury securities.Read More
Jumbo Correspondent Market Shrinks in 2023 May 2, 2024 James Dohnert Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.Read More
Servicing Lifts Ocwen to Profit in First Quarter May 2, 2024 Brandon Ivey Changes in the fair value of MSRs boosted Ocwen's earnings.Read More
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.Read More
FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More
Non-Interest MF Income Drives Freddie 1Q24 Profits May 1, 2024 Dennis Hollier Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.Read More
UWM Pays for CEO’s Security, Mentions ‘Threats’ to Ishbia May 1, 2024 Paul Muolo In 2023, UWM awarded Ishbia $12.16 million in compensation, including $1.26 million to cover “security services and equipment."Read More
Redwood Increases Profits in First Quarter May 1, 2024 James Dohnert Redwood's earnings improved following a 53% increase in locked loans in the first quarter.Read More
Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS May 1, 2024 Brandon Ivey On an annual basis, mortgage applications were down 9.2%.Read More