MBA: Next Move by Fed Will Be a Rate Cut November 2, 2023 Brandon Ivey The Fed held rates steady Wednesday and the MBA anticipates that the next action will be a cut in 2024.Read More
Industry Participants Ramp Up Training on Appraisal Bias November 2, 2023 Sam Manas The GSEs are collaborating to create appraisal bias training for the appraiser community.Read More
Short Takes: Zillow Boosts Originations / Figure Offers HELOC Tech / Sterling Bank and Trust Turns to Rocket / CHLA Seeks Streamlined Exams by States November 2, 2023 Brandon Ivey Zillow's production increased 35% from the second quarter.Read More
Mortgage-Banking Income at Banks Increases November 1, 2023 John Bancroft Among a group of 26 banks, mortgage banking income increased by 9.9% in the third quarter.Read More
Freddie Mac Treads Water in the Third Quarter November 1, 2023 Dennis Hollier Freddie's quarterly profits took a (presumably) one-time hit from expenses accrued due to the Fairholme v. FHFA decision in August.Read More
CFPB Proposal on Open Banking Excludes Mortgage Companies November 1, 2023 Sam Manas With the CFPB's open banking proposal, consumers would be able to connect checking, credit card, digital wallet and prepaid accounts to third-party institutions in order to access different products and services.Read More
Short Takes: ARM Share Increasing / loanDepot Offers Second Lien for FHA Mortgages / Redwood Returns Quickly With Jumbo MBS / HUD Selling HECMs November 1, 2023 Brandon Ivey ARMs accounted for 10.7% of mortgage applications last week.Read More
Mortgage-Related Complaints to CFPB Decline October 31, 2023 Namrata Bhatia Complaints about mortgages were down 6.2% compared with the second quarter.Read More
Redwood Posts Loss Despite Jumbo Portfolio Gains October 31, 2023 James Dohnert Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.Read More
GSE Move to Bi-Merge Credit Score Process Faces Pushback October 31, 2023 Dennis Hollier Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.Read More
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