Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS January 5, 2024 Brandon Ivey United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.Read More
Loan Sales by Banks Steady in Third Quarter January 4, 2024 Brandon Ivey JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.Read More
Lack of Clarity on QM Standards an Issue in Secondary Market January 4, 2024 James Dohnert Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.Read More
Short Takes: First American Getting Back on its Feet / Signs of Thaw in Housing Market / A Slow Thaw / Hot Markets January 4, 2024 Brandon Ivey First American's affiliated bank is operational and the title insurance provider's email system was restored.Read More
Potential Homebuyers Face Hurdles Beyond Interest Rates January 3, 2024 James Dohnert Home price appreciation and concerns about the economy look to be outweighing the recent decline in interest rates.Read More
Short Takes: MSR Buyers Still Hungry / Applications Slow / Some Home Price Depreciation Expected / Expanded-Credit MBS From Annaly January 3, 2024 Brandon Ivey The industry expects robust bulk MSR trading during the first quarter.Read More
First American Recovering From Cyber Incident January 2, 2024 Brandon Ivey First American stressed that all funds associated with the company were secure.Read More
FHLBanks Could Lose Some Members Under FHFA’s Planned Changes January 2, 2024 Dennis Hollier To obtain FHLBank membership, an institution must hold at least 10% of its assets in residential mortgage assets.Read More
Short Takes: Pending Home Sales Level / Home Prices Climb / Commercial MBS Delinquencies Decline January 2, 2024 Brandon Ivey Lower interest rates didn't translate into higher home sales in November.Read More
Home Equity Lending Declines by 4% in Third Quarter December 22, 2023 Brandon Ivey An estimated $51.0 billion of closed-end second liens and home equity lines of credit were originated in the third quarter.Read More
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