Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale April 3, 2024 Brandon Ivey Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.Read More
Mixed Trends in Latest Non-Agency MBS April 2, 2024 Brandon Ivey Angel Oak Companies, Lone Star Funds and Redwood Trust kicked off the second quarter of 2024 with new non-agency MBS offerings.Read More
Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB April 2, 2024 Brandon Ivey and Paul Muolo Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.Read More
Court Halts Implementation of Revision to CRA Standards April 1, 2024 Brandon Ivey The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...Read More
Short Takes: A Prudential Regulator of Nonbanks? / Source of Info: FHFA OIG / Rood’s New AI Project / Beyonce Name Drops Fannie / A Promotion at Fannie April 1, 2024 Paul Muolo and Brandon Ivey Beyonce (yes, that Beyonce): “Wildfire burnt his house down. Insurance ain’t going to pay no Fannie Mae.”Read More
FHFA Conducting Targeted Exams of Nonbanks March 29, 2024 Brandon Ivey Between October 2021 and August 2023, 21 exams were conducted.Read More
Subtle Shifts in Securitization Rate as Lending Declines March 29, 2024 Brandon Ivey The securitization rate for residential mortgages was 72.1% in 2023.Read More
Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly March 29, 2024 Brandon Ivey FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.Read More
Better Shifts to Using Commission-Based LOs March 28, 2024 Brandon Ivey Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.Read More
Short Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital Closings March 28, 2024 Brandon Ivey The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.Read More