Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.
The total delinquency rate on loans in agency MBS increased by 24 basis points during the fourth quarter. Delinquencies were up at FHA, VA and the GSEs. The rate is expected to rise modestly in 2025. (Includes data table.)
While electronic closings offer faster turn times, adoption of the technology comes with some complications. Still, the share of eNotes is expected to triple by 2028.
FCC warns scammers are successfully impersonating mortgage companies; Rocket begins first phase of rebrand; household growth expected to slow; MBA expands college program; Lower acquires technology vendor; MTC increases transparency on MSR valuations; Voxtur Analytics considering a sale; automated loan mod offering.
Issuance of single-family rental securitizations has seen sharp swings in recent years. Moderate growth is expected this year and deal performance is forecast to remain strong.
Trump has nominated Bill Pulte to be director of the Federal Housing Finance Agency; Fitch upgrades master servicer rating on Mr. Cooper; new ABS issuer.
Following a strong jobs report, many economists now expect the Fed to keep rates unchanged. Also, concerns about policies from the Trump administration are helping to drive up the 10-year Treasury rate.