Originations Improving at Some Lenders in Second Quarter June 14, 2023 Paul Muolo Some lenders are seeing origination gains of 30% to 60% in the second quarter.Read More
Majority of Mortgage Professionals Living Paycheck to Paycheck June 14, 2023 Brandon Ivey High inflation and a slowdown in originations have cut into pay.Read More
MSR Marks Drag Down Mortgage-Banking Income June 13, 2023 John Bancroft Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.Read More
Comerica Sets Exit From Warehouse Lending June 13, 2023 Paul Muolo A sea change could be coming in warehouse finance...Read More
Redwood Partners With Oaktree on Bridge Loans June 13, 2023 Brandon Ivey Redwood's CoreVest originated $264 million of bridge loans in the first quarter of 2023.Read More
HUD Proposal on Property Standards in Floodplains Receives Mixed Reaction June 13, 2023 Monica Hogan Under the proposal, to qualify for an FHA loan, single-family homes within the 100-year floodplain would be required to be elevated an additional two feet above base flood elevation when they are newly built or substantially improved.Read More
Short Takes: Purchase Rate Locks Slow / Guild’s 1% Down Offering / Illinois Offers Purchase-Mortgage Assistance June 13, 2023 Brandon Ivey A likely harbinger of slowing home sales...Read More
Agency MBS Issuance Begins to Find Its Legs June 12, 2023 John Bancroft All three agencies saw rising business in May...Read More
Spend More Money on IT, Approve More Loans? June 12, 2023 Dennis Hollier The new paper was penned by economists at Stanford University, the University of Florida and Boston College.Read More
Spreads Tighten. Good News for Lenders? June 12, 2023 Paul Muolo “Companies are better off doing less business than doing most business at a loss," one consultant suggested.Read More
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