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
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
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
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
Rocket Takes Large Loss in 3Q Tied to MSR Values November 13, 2024 Brandon Ivey The loss was largely from a negative $878.3 million change in the fair value of mortgage servicing rights.Read More
Losses Increase at Better, Profitability a Ways Off November 13, 2024 Brandon Ivey Officials at the nonbank said they’re “managing towards profitability in the midterm.”Read More
Short Takes: Applications Hold Steady / Mixed Trends in Foreclosures / Cherry Hill REIT Takes Loss / A&D Provides CRM Tool to Brokers November 13, 2024 Brandon Ivey There was little movement in applications for purchase mortgages or refinances last week.Read More
GSEs Gain Market Share in October Amid Refi Surge November 12, 2024 John Bancroft Fannie Mae had the biggest monthly gain in total production among the three agencies, which raised its share of agency MBS issuance in October two percentage points to 27.3%.Read More
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