If the CFPB Is Found to Be Unconstitutional, Then What? July 19, 2023 Sam Manas The Consumer Financial Services Association of America said courts have “ample means” to protect the mortgage market if the CFPB is found to be unconstitutional.Read More
Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
Home Lending Spikes at BofA in Second Quarter July 18, 2023 Paul Muolo At June 30, BofA held $228.8 billion of first-lien residential mortgages on its books. The average yield: 2.98%...Read More
Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations July 18, 2023 Brandon Ivey FirstBank's mortgage division generated small profits in May and June.Read More
The Passing of Countrywide Co-Founder Angelo Mozilo July 17, 2023 Paul Muolo Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation. Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Agency MBS Issuance Increases After Nine Quarterly Declines July 14, 2023 John Bancroft The GSEs outpaced Ginnie in terms of growth in MBS issuance in the second quarter.Read More
Originations Jump at Chase in Second Quarter; Wells Also Up July 14, 2023 Brandon Ivey Chase nearly doubled its mortgage originations on a quarterly basis in the second quarter.Read More
Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS July 14, 2023 Brandon Ivey After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.Read More
Primary MI Securitization Volume Up in Second Quarter July 13, 2023 John Bancroft Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.Read More
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