CFPB Weighs In on Lawsuit Regarding TILA Coverage July 13, 2023 Brandon Ivey The lawsuit involves a loan secured by a cabin on a leased property.Read More
Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez July 13, 2023 Brandon Ivey AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.Read More
Short Takes: Figure Partners With More Lenders / Quick Approval and a Credit / Limited Inventory / New Hire at Cenlar July 12, 2023 Brandon Ivey Several top lenders have outsourced originations of home equity lines of credit to Figure.Read More
Regulators Plan to Change Available-for-Sale Accounting for Big Banks July 11, 2023 Brandon Ivey The changes could address some of the issues that prompted bank failures earlier this year.Read More
Short Takes: New Expanded-Credit MBS / Home Price Appreciation Slows / Underwriting Standards Static / Home Equity Startup July 11, 2023 Brandon Ivey An affiliate of Lone Star Funds is set to issue an expanded-credit MBS.Read More
Short Takes: An Amended LOC for loanDepot / Discounted Debt / Eye on the 10-Year / Home Prices? July 10, 2023 Paul Muolo and Brandon Ivey Three years ago the 10-year Treasury was offering a yield of just 55 basis points...Read More
Grapevine: Home Price Expectations; FTC’s ICE Hearing Delayed July 7, 2023 Brandon Ivey Home prices expected to decline; FTC hearing on ICE/Black Knight delayed; legal services for AI usage; MISMO updates; accounting proposal on acquired assets.Read More
Short Takes: Interest Rates Up / Borrowers Adjusting / Ginnie Adds RHS to LMI Disclosures July 7, 2023 Brandon Ivey Interest rates on mortgages reached their highest level of the year (thus far).Read More
Diversified Nonbanks Weathering Volatility July 6, 2023 Brandon Ivey Fitch Ratings warned that nonbank mortgage companies could face issues if weaknesses involving MSRs emerge.Read More
Short Takes: Affordability Strains / Limited Inventory / REIT Consolidation / Enact Sharing MI Risk July 6, 2023 Brandon Ivey Average loan sizes on mortgage applications are shrinking.Read More