Seasonal Slow Period May Lead to Lender M&A Push September 21, 2023 James Dohnert Tighter margins and a seasonal slowdown in home buying are prompting lenders to consider an exit in the coming months.Read More
Assumable Mortgages Gain Attention Despite Operational Challenges September 21, 2023 James Dohnert High interest rates are helping demand for mortgage assumptions. A start-up is helping homebuyers connect with sellers that have low-interest-rate mortgages.Read More
Mixed Views on FASB Accounting Proposal September 15, 2023 James Dohnert A FASB accounting standards proposal would streamline the methods used to calculate the value of acquired assets.Read More
MOVEIt Ransomware Attack Hits Mortgage Industry September 15, 2023 James Dohnert The MOVEIt ransomware attack has impacted as many as 1,172 companies, including mortgage lenders and servicers.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
KBRA Pulls Back the Curtain on Rated Private ABS Market September 14, 2023 James Dohnert The market for rated private ABS has grown significantly in recent years, according to a new report from KBRA.Read More
Pagaya Plots Slate of ABS Moves, Bank Partnerships September 14, 2023 James Dohnert Pagaya has been growing its securitization capabilities as it sets its sights on partnerships with large banks.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
Change Lending Regains CDFI Status Following Court Order September 14, 2023 James Dohnert A judge determined that Change Lending will be able to provide loans as a certified CDFI until at least December.Read More