Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
Wells Fargo, Chase Originations Down to Start 2024 April 12, 2024 James Dohnert Wells Fargo and Chase reported declines in mortgage originations during the first quarter of 2024.Read More
Mixed Results From Lender/Real Estate Agency Mergers April 12, 2024 James Dohnert Borrowers who received a loan from a merged company paid 9 basis points more, on average, than those who went with separate real estate agencies and lenders, according to a new study.Read More
Short Takes: Inflation Reaction / No Give in Home Prices, Yet / LoanCare Rated on Servicing Second Liens / BofA Servicer Ratings Upgraded April 12, 2024 Brandon Ivey There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.Read More
GSE Deliveries Decline in First Quarter April 11, 2024 Dennis Hollier Larger lenders remain the most affected by the decline in sales.Read More
VA to Launch New Loss-Mit Option at End of May April 11, 2024 Monica Hogan Servicers have until Oct. 1 to implement the program.Read More
Fed Ponders Changes to Balance Sheet Runoff April 11, 2024 Dennis Hollier The goal might be to slow the runoff by allowing less Treasury redemptions each month but allowing MBS to run off at their natural pace.Read More
Figure Offers Alternative to MERS Registry April 11, 2024 Brandon Ivey Figure is touting its DART System as a more efficient and less expensive alternative to the MERS registry.Read More
Housing Supply Likely to Remain Suppressed Due to Interest Rates April 11, 2024 Monica Hogan Rates might have to come down to 5% to help prompt an increase in home sales, according to Mark Jones, chair of the Mortgage Bankers Association.Read More
Short Takes: What Inflation Means for Interest Rates / VASP Reaction / Foreclosures Tick Up April 11, 2024 Brandon Ivey The high inflation reading for March is one factor that will keep interest rates higher for longer.Read More