Grapevine: Trigger Leads Bill Approved; FHA Nomination August 7, 2025 Brandon Ivey The bill is now headed to President Trump’s desk; Frank Cassidy nominated for FHA commissioner.Read More
UWM Bounces Back to Profitability, Margins Increasing August 7, 2025 Brandon Ivey The second quarter of 2025 marked UWM’s highest level of production since late 2021, when interest rates on mortgages were significantly lower.Read More
MBA Calls for End of Tri-Merge Process at GSEs August 7, 2025 Brandon Ivey The MBA wants the GSEs to move away from a tri-merge credit score process but the trade group is still looking for an alternative option.Read More
Better Takes Loss in Second Quarter, Expects More Losses August 7, 2025 Brandon Ivey Officials at Better project that the nonbank will continue to take losses with a goal of breaking even by the end of the third quarter of 2026.Read More
Short Takes: UWM Pushing Refis / Zillow Boosts its Originations / Freddie Expands Financing for Manufactured Homes / Former Change Lending CEO Heads to Patriot Bank August 7, 2025 Brandon Ivey UWM's refi incentive is scheduled to be available through Sept. 16.Read More
Refi Business Perks Up With Brief Decline in Interest Rates August 6, 2025 Brandon Ivey Locks for rate-term refinances increased by 5.4% on a monthly basis in July.Read More
Profits Decline Somewhat at MFA Financial in 2Q August 6, 2025 Brandon Ivey The real estate investment trust focuses on acquiring non-qualified mortgages and originating business-purpose loans.Read More
Income Drops at Chimera Investment in Second Quarter August 6, 2025 Brandon Ivey The firm plans to be a programmatic issuer of expanded-credit mortgage-backed securities following the acquisition of HomeXpress.Read More
Short Takes: Florida Faces Pressure on Home Prices / Pulled Listings of Homes at Record Levels / Agency MBS REIT Raising Funds / FHFA Increases Cap on GSE LIHTC Investments August 6, 2025 Brandon Ivey The top five markets with a “very high risk” of home price declines are all in Florida, according to Cotality.Read More
Short Takes: Blackstone Selling its Stake in Finance of America to FoA / Demand for Mortgages Declines / Santander Boosts Expanded-Credit MBS Issuance / Rithm to Acquire Home Improvement Loans August 5, 2025 Brandon Ivey FoA will fund the purchase of Blackstone's stake in the reverse-mortgage lender with a convertible debt facility.Read More