NYCB closes Flagstar’s non-bank branches; FHA offers new incentives for servicers; home prices decline again in November; MBA writes to FHFA on the cost of doing business with the GSEs; new products aimed at newly-constructed homes; MISMO offers loan limit tool.

While Fannie Mae and Freddie Mac are the dominant outlets for eNotes, other entities are looking to boost adoption of the technology. Ginnie Mae has seen greater enthusiasm for eNotes than anticipated since launching its program in early 2021.

Neighborly, which offers home services through 31 brands, is in the market with its third annual whole-business ABS. The offering differs in some ways from ABS previously issued by the firm.

Agency MBS market recovering after dismal 2022; KBRA generally plans to decline reviewing RAC requests tied to switches from LIBOR to term SOFR in the commercial MBS market.

The Ginnie SVP said the agency has "lots of love" for IMBs...

The credit quality of securitized non-qualified mortgages continued to decline in December, according to dv01.

Communication is key when mortgage companies face financial difficulties and potential breaches of warehouse financing covenants. Warehouse providers are looking for profitability plans for nonbanks.

Mortgage executive Chrissi Rhea: "I’m looking forward to 2023 because it can’t be as bad as 2022."

Entry-level buyers are the largest share of purchasers for flipped homes...

CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.