Bank Regulators Plan Mortgage Adjustments to Capital Proposal January 10, 2024 Brandon Ivey Trade groups representing mortgage lenders have raised grave concerns about proposed changes to capital requirements for large banks.Read More
Short Takes: New Top Issuer of Non-Agency MBS / Choppy Application Trends / Home Price Projections / MSR Offering January 10, 2024 Brandon Ivey and Paul Muolo JPMorgan Chase is no longer the largest issuer of non-agency MBS.Read More
Ginnie Issuance Volume Declines in Fourth Quarter January 9, 2024 Brandon Ivey Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.Read More
CrossCountry Shifts to FICO 10 T, a First for MBS January 9, 2024 Brandon Ivey Mandatory use of FICO Score 10 T with the government-sponsored enterprises isn't scheduled until the third quarter.Read More
Short Takes: First American Restores Services / Credit Availability at Low Levels / Invitation Homes Settles Rent Hike Allegations / Compliance Trainer Acquired January 9, 2024 Brandon Ivey First American got its email system up and running again more than two weeks after a cyberattack.Read More
loanDepot Pulls Systems Offline Amid Cyber Incident January 8, 2024 Brandon Ivey loanDepot's servicing customers faced difficulties making mortgage payments over the weekend...Read More
Ginnie Issuance Declines in 2023; VA Loses Market Share January 5, 2024 Brandon Ivey Ginnie Mae guaranteed just $374.92 billion of new single-family mortgage-backed securities in 2023, its lowest in nine years. VA’s share of Ginnie activity narrowed to 37.4% from 43.3% in 2022.Read More
Strong Support for HUD Proposal on Counseling Flexibility January 5, 2024 Brandon Ivey Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person.Read More
Interest Rate Movements Stall, Potentially for a While January 5, 2024 Brandon Ivey Interest rates on mortgages look likely to hold steady in the near term.Read More
Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS January 5, 2024 Brandon Ivey United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.Read More