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
A Sigh of Relief for Lender in Lawsuit Involving Underwriting April 11, 2024 Brandon Ivey A foreclosure action against a borrower for alleged mortgage fraud landed a Florida-based lender in court for punitive damages.Read More
Fine Art Backing $500 Million ABS From Sotheby’s April 11, 2024 Brandon Ivey The securitization is linked to short-term loans with an outstanding balance of $1.42 billion.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
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
United Wholesale Not the Most Shorted Mortgage Stock April 11, 2024 Brandon Ivey A dip in United Wholesale Mortgage stock last week, driven by a report from a hedge fund that shorted the nonbank, has raised awareness on the number of mortgage companies that are being shorted.Read More
CFPB Effort on Lender’s Title Insurance Could Backfire April 10, 2024 Brandon Ivey A request for input from the CFPB is expected in the coming weeks.Read More
Morgan Stanley Ramps Up GSE-Eligible IPL Non-Agency MBS April 10, 2024 Brandon Ivey Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.Read More
Short Takes: 10-Year Treasury Rate Spikes / FHFA, State Regulators to Share Info on Nonbanks / Applications for Purchase Mortgages Decline / Fannie Selling NPLs April 10, 2024 Brandon Ivey Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.Read More
Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands April 9, 2024 Brandon Ivey Rocket plans to offer its AI platform to other companies later this year.Read More