Primary MI Share Shifts Toward Government in 3Q November 15, 2024 John Bancroft Government mortgage insurance programs captured most of the primary MI gain in the third quarter.Read More
Ginnie Could Face Leadership Gap in Trump Transition November 15, 2024 Monica Hogan During Trump’s entire first term, Ginnie didn’t have a permanent president.Read More
Smaller Nonbanks Largely Maintain Profitability in 3Q November 15, 2024 Brandon Ivey Prior to the second quarter of 2024, lenders participating in the MBA survey posted losses, on average, for eight consecutive quarters.Read More
Cherry Hill REIT Shifts to Internal Management, Ditching Middleman November 15, 2024 Brandon Ivey The REIT and Cherry Hill Mortgage Management, the external manager owned by Stanley Middleman, disagree about whether CHMI should pay an $18.4 million fee to terminate the external management agreement.Read More
Short Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again November 15, 2024 Brandon Ivey “The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.Read More
Split Trends in Ginnie Activity in October November 14, 2024 Monica Hogan Some $15.44 billion of refis were pooled into Ginnie MBS in October, a 25.7% jump from the previous month.Read More
CrossCountry Mortgage Hires Former PennyMac Officials November 14, 2024 Brandon Ivey The three executives hired by CrossCountry previously held similar positions at PennyMac.Read More
State Regulators Eyeing LO Education Compliance November 14, 2024 Shannon Clark CSBS is reminding MLOs of their yearly continuing education requirements in the midst of the annual renewal season.Read More
Splitero’s HEI Business Poised for Growth Following Investment November 14, 2024 James Dohnert Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.Read More
Short Takes: LOs Shy Away From AI / Homeowners Consider Moving Post-Election / Home Tours Increase / InterLinc Ready to Hire November 14, 2024 Brandon Ivey Among LOs that knowingly use AI, the most cited use was for marketing efforts.Read More
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