Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability November 6, 2024 Brandon Ivey The 10-year opened the day at 4.258% and spiked to nearly 4.50%.Read More
Complaints to CFPB Involving Mortgages Stand Out November 5, 2024 Shannon Clark Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.Read More
Another Profit for Onity but Book Value Lags November 5, 2024 Paul Muolo Revenues increased 7.7% from 2Q24 but compensation to executives and employees rose 8.2%.Read More
GSE-Eligible Loans for Investment Properties Go Non-Agency November 5, 2024 James Dohnert Non-agency MBS is offering better execution, in some instances, than the GSEs for investment-property mortgages.Read More
FoA’s Debt Move Draws Mixed Reviews From Fitch November 5, 2024 Brandon Ivey Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.Read More
Short Takes: Volatility Expected for Interest Rates / First-Time Homebuyers Get Older / Angelo Gordon REIT Buying Home Equity Loans / PIMCO, Chase Win Fannie RPL Auctions / Positive Outlook for New American Funding November 5, 2024 Brandon Ivey Uncertainty regarding election results could cause some interest rate volatility in the near term.Read More
Large Nonbanks Increase Their Servicing Share in Third Quarter November 1, 2024 Brandon Ivey Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.Read More
Ginnie Issuers Ready to Meet Tougher Capital Requirements November 1, 2024 Monica Hogan Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.Read More
Chase Program Offers Interest Rate Incentive for Jumbo Borrowers November 1, 2024 James Dohnert Rate discounts through the program range from 0.125% to 1.0%.Read More
Figure to Issue Securitization With Seasoned HELOCs November 1, 2024 Brandon Ivey The issuance is linked to HELOCs that have seasoned for an average of 28 months.Read More
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