March 28, 2024By Brandon IveyShort Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital ClosingsThe fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.
March 21, 2024By Brandon IveyShort Takes: Fed Plans to Slow Balance Sheet Runoff / FHFA to Host AI-Focused TechSprint / Home Improvement Securitization / Downgrade of Old Subprime MBSThe Fed plans to reduce the speed of the runoff of Treasuries and MBS from its balance sheet "fairly soon," according to Fed Chair Jerome Powell.
March 19, 2024By Brandon IveyShort Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech CompanySome 0.22% of mortgage borrowers were in forbearance as of the end of February.
March 14, 2024By Brandon IveyShort Takes: Waiting for Details on FHFA Pilot / UWM to Cover Costs of Hard Credit Pulls for Brokers / No Questions on Cyberattack / New Listings of Homes Increase
March 4, 2024By Brandon IveyShort Takes: Recapture Tip / Home Prices Overvalued / MSR Values Improve / AI Help on Guidelines
February 28, 2024By Brandon IveyShort Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake
February 20, 2024By James DohnertShort Takes: Ardley Launches Automatic Underwriting Product / SEC Report Cites Rating Agency Problems / Franklin Templeton Predicts Four Rate Cuts in 2024 / Home Price Appreciation May Have Peaked
February 16, 2024By Brandon IveyShort Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break
February 8, 2024By Brandon IveyShort Takes: Trigger-Lead Bill in House / First American Returns to Profitability / Lender Partners With Visa / Consumers Pessimistic on Homebuying