FHA Share of MI Coverage Increases in 2023 February 1, 2024 Namrata Bhatia FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.Read More
UWM Looks to Start Its Own Refi Wave February 1, 2024 Brandon Ivey United Wholesale Mortgage is offering a 100-basis-point pricing incentive for conventional rate/term refis.Read More
MBA Expects Rate Cut From Fed in May February 1, 2024 Brandon Ivey A close reading of the Federal Open Market Committee’s statement Wednesday suggests that the Fed’s next move will likely be a cut, according to the MBA.Read More
Lenders Expect Manageable Changes on Home Sale Structure February 1, 2024 Brandon Ivey The commission structure for real estate agents is poised for a shakeup in the wake of the legal issue facing the National Association of Realtors.Read More
Short Takes: Large Package of MSRs on Offer / Home Equity Declines / Homeowners Still Locked In / Tepid Home Tour Activity February 1, 2024 Brandon Ivey Incenter is marketing a sale of GSE MSRs with a total unpaid principal balance of $15.06 billion.Read More
FHFA Directs GSEs to Explore Alignment on Reps, Warrants January 31, 2024 Dennis Hollier This year's scorecard includes more focus on the multifamily businesses of Fannie Mae and Freddie Mac.Read More
Mortgage Margins Plummet at NYCB in Fourth Quarter January 31, 2024 Brandon Ivey The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.Read More
Warehouse Lenders Looking for Lower Interest Rates January 31, 2024 Paul Muolo and Brandon Ivey One chief concern: Warehouse borrowing covenants have been breached.Read More
Short Takes: Applications Decline / Chase Expands SPCP Benefits / Luxury Home Price Appreciation Accelerates / New Expanded-Credit MBS January 31, 2024 Brandon Ivey Demand for purchase mortgages declined last week even as interest rates stayed level.Read More
Mortgage-Related Complaints to CFPB Decline Slightly January 30, 2024 Andras Malatinszky Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.Read More
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