The Supreme Court’s decision, overturning a deference that courts have provided to regulators for 40 years, should be a relief for the mortgage industry, according to an attorney.
The MBA wants significant changes to the Federal Financing Bank risk-sharing program. Reforms are also needed in the multifamily accelerated processing program, according to the trade group.
SoFi expects to see further growth in its share of mortgage originations due to the acquisition of Wyndham Capital Mortgage, which provided SoFi with mortgage fulfillment processes.
There’s more demand for mortgage servicing rights than there is supply at the moment, helping to keep prices for the assets elevated. Even if MSR sales increase this year, prices are expected to remain firm.
The Federal Housing Finance Agency’s approval of the controversial pilot program comes with several conditions that limit the size and scope of Freddie’s second-lien purchases.
The first quarter of 2024 was trying for most privately held nonbanks, but it appears volumes and profits turned a corner in the second quarter. The reason: cost cuts and less competition. Call it the “new normal?”
What might JPMorgan do with the relationship managers attached to the $5 billion in warehouse loans it’s buying from Flagstar? To date, JPM hasn’t talked about details of the yet-to-close deal.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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