Short Takes: Freddie Assessing Tax Transcripts / GSEs Also Downgraded / New Non-Agency MBS / HUD Increases Outreach on Appraisal Bias / Terra Property Trust Improves Offer August 3, 2023 Brandon Ivey Freddie Mac improves income verification options for self-employed borrowers.Read More
Profits Jump at Rithm; Capital Requirements a Tailwind August 2, 2023 Brandon Ivey The real estate investment trust expects to benefit from higher capital requirements for large banks.Read More
Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Two Harbors Swings to Profit in Second Quarter August 1, 2023 Brandon Ivey Two Harbors recovered after a large loss in the first quarter.Read More
Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance August 1, 2023 Brandon Ivey ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.Read More
Rocket Appoints Intuit Leader as CEO July 31, 2023 Brandon Ivey Varun Krishna will also be CEO of Rocket Mortgage.Read More
Short Takes: Cenlar Still Working on OCC Consent Order / ‘Tipping Point’ for Homeowners / New Law Firm July 31, 2023 Brandon Ivey The OCC entered into a consent order with Cenlar in 2021.Read More
Trade Groups Highly Critical of Capital Proposal July 28, 2023 Brandon Ivey The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.Read More
PennyMac’s Lending Efforts Return to Profitability July 28, 2023 Brandon Ivey PennyMac was the largest mortgage lender in the first quarter of 2023, though the nonbank posted a loss from its production segment at the time.Read More
Short Takes: Peak Interest Rates? / WAMC Chooses AGMIT / ‘Giving Away Mortgages’ July 28, 2023 Brandon Ivey Interest rates on mortgages are set to decline, according to NAR's economist.Read More