Short Takes: What Inflation Means for Interest Rates / VASP Reaction / Foreclosures Tick Up April 11, 2024 Brandon Ivey The high inflation reading for March is one factor that will keep interest rates higher for longer.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Better Mortgage’s Two Top Executives Took Home $19M Last Year April 10, 2024 Paul Muolo Better's common shares trade for just $0.46 a unit...Read More
CFPB Effort on Lender’s Title Insurance Could Backfire April 10, 2024 Brandon Ivey A request for input from the CFPB is expected in the coming weeks.Read More
Morgan Stanley Ramps Up GSE-Eligible IPL Non-Agency MBS April 10, 2024 Brandon Ivey Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.Read More
Short Takes: 10-Year Treasury Rate Spikes / FHFA, State Regulators to Share Info on Nonbanks / Applications for Purchase Mortgages Decline / Fannie Selling NPLs April 10, 2024 Brandon Ivey Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.Read More
Agency MBS Issuance Picks Up in March April 9, 2024 John Bancroft Agency securitization of purchase loans looks to have turned a corner in March, with volume rising 13.5% from February.Read More
FDIC Highlights RESPA Compliance Issues at Banks April 9, 2024 Shannon Clark Some banks are failing a RESPA test on whether payments are “reasonably related” to the value of the services provided.Read More
M&A Activity Largely Focused on Servicing April 9, 2024 Paul Muolo “The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.Read More
Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands April 9, 2024 Brandon Ivey Rocket plans to offer its AI platform to other companies later this year.Read More
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