Home Prices Defy Expectations Amid High Interest Rates July 20, 2023 Brandon Ivey Home prices were expected to come down this year due to affordability issues stemming from high interest rates. Instead, home prices look fairly firm thanks to housing supply/demand dynamics.Read More
Grapevine: Higher Capital Requirements Expected; Merger Guidance July 20, 2023 Brandon Ivey Federal regulators are expected to propose new capital requirements for big banks; DOJ and FTC propose new guidance on mergers.Read More
Higher Capital Requirements Would Flow to Interest Rates July 20, 2023 Brandon Ivey Banks will look to pass the expense of higher capital requirements for mortgages onto borrowers, M&T Bank's CFO noted.Read More
Short Takes: Standards for Fee Names / Originations Weaker Than Expected / Cash Share of Home Sales Declines / Supply and Demand July 20, 2023 Brandon Ivey MISMO provided some standards for nearly 200 fees that a borrower could see on a Loan Estimate form.Read More
BofA CEO Pushes Back on Capital Requirements July 19, 2023 Brandon Ivey Banks have enough capital, according to Brian Moynihan, chair and CEO of Bank of America.Read More
Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
HUD Proposes Tougher Standards for FHA Loan Investors July 18, 2023 Brandon Ivey HUD proposed applying certain requirements for approved FHA lenders/servicers to entities that invest in FHA mortgages.Read More
Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations July 18, 2023 Brandon Ivey FirstBank's mortgage division generated small profits in May and June.Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Originations Jump at Chase in Second Quarter; Wells Also Up July 14, 2023 Brandon Ivey Chase nearly doubled its mortgage originations on a quarterly basis in the second quarter.Read More