Short Takes: Delinquencies Decline / Ishbia Expects Positive Changes Under Trump / Upgrades for Large Nonbanks / Redwood MBS With IPLs November 8, 2024 Brandon Ivey The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.Read More
UWM’s Income Declines, Margins Increase in Third Quarter November 7, 2024 Brandon Ivey Hedging gains in the third quarter didn’t fully wipe out a $446.1 million decline in fair value of MSRs at UWM.Read More
Fewer Rate Cuts Expected From Fed Under Trump November 7, 2024 Brandon Ivey Trump's economic policies could limit rate cuts by the Fed in 2025.Read More
Guild Takes Loss Tied to Servicing in Third Quarter November 7, 2024 Brandon Ivey Declining interest rates during the third quarter contributed to a negative $145.8 million mark on the value of Guild’s mortgage servicing rights.Read More
Multifamily Loans Drive Up Commercial MBS Issuance November 7, 2024 John Bancroft Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.Read More
Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend November 7, 2024 Brandon Ivey The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.Read More
Big Swings Likely in Federal Housing Policy Under Trump November 6, 2024 Brandon Ivey A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.Read More
GSEs Increase Mortgage Holdings in Third Quarter November 6, 2024 Dennis Hollier Fannie Mae and Freddie Mac had $182.3 billion in mortgage holdings (measuring mortgage-backed securities and loans) at the end of the third quarter.Read More
loanDepot Turns its First Quarterly Profit Since 2021 November 6, 2024 Brandon Ivey The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.Read More
Mortgage Companies Urged to Explore AI for Efficiency November 6, 2024 Monica Hogan Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.Read More
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