Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
Originations Jump at Chase, Wells in Second Quarter July 12, 2024 Brandon Ivey Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More
The Appraisal Foundation Reaches Settlement With HUD July 11, 2024 Brandon Ivey The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.Read More
Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows July 11, 2024 Brandon Ivey The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.Read More
Federal Regulators Moving Toward Re-Proposal on Bank Capital July 10, 2024 Brandon Ivey The Mortgage Bankers Association applauded the Fed chair's comments revealing the plan.Read More
Fitch Sees Warning Signs in FoA’s Debt Move July 10, 2024 Brandon Ivey The downgrade was tied to a debt exchange offer the reverse-mortgage lender announced in late June.Read More
FHA Expands 203(k) Rehabilitation Program July 10, 2024 Brandon Ivey The 203(k) program provides financing for rehabilitation of single-family homes.Read More
Short Takes: Refi Applications Fade / Lenders Concerned About Talent Management / Tandem DPA Offering / Lending in Guam July 10, 2024 Brandon Ivey Applications for refinances declined for the fourth consecutive week.Read More
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