A&D, Redwood Go Bigger With Latest Non-Agency MBS October 12, 2023 Brandon Ivey The latest non-agency MBS from A&D Mortgage and Redwood Trust are larger than the previous issuance by the firms.Read More
Short Takes: Ginnie Loosens RPL Standards / Foreclosure Filings Rise / New Correspondent Lender / Fitch Upgrades Assessment of New American Funding October 12, 2023 Brandon Ivey Ginnie is offering flexibility for pooling reperforming loans in MBS.Read More
CFPB Sues Freedom for HMDA Reporting Issues October 11, 2023 Brandon Ivey The CFPB alleges that Freedom didn't sufficiently address HMDA reporting issues following a 2019 consent order.Read More
Short Takes: ARM Applications Jump / CFPB Targets Fees at Big Banks / Cenlar Makes QC Hire October 11, 2023 Brandon Ivey Applications for ARMs increased by 15% on a weekly basis.Read More
High Interest Rates Scaring Away Potential Homebuyers October 10, 2023 Brandon Ivey Concerns about interest rates outpaced home prices for the first time since Fannie started surveying consumers in 2010.Read More
Short Takes: Regulators Looking for Specifics on Basel / Lenders Slightly Loosen Underwriting Standards / Non-QM Moves October 10, 2023 Brandon Ivey and James Dohnert In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.Read More
Buydowns on GSE Loans: Two Years Only October 9, 2023 Brandon Ivey Buydowns are concentrated on GSE mortgages with coupons of between 5.0% and 6.5%...Read More
Short Takes: A New Low for Better.com / Fed’s Barr Addresses ABA Annual / Almost Here: Bank Earnings Season / MSR Markups? / Buy: UWM October 9, 2023 Paul Muolo and Brandon Ivey Earnings season kicks off later in the week with third quarter results from JPMorgan Chase.Read More
FHFA Plans Changes for Federal Home Loan Banks October 6, 2023 Brandon Ivey After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.Read More
Broeksmit Calls for Explicit Guidance From Fed on Rates October 6, 2023 Brandon Ivey MBA's leader called on the Fed to provide some certainty to financial markets.Read More