Short Takes: Higher Loan Limits Anticipated / Slowdown Possible / CFO Leaves FoA / Redfin Leaves NAR October 3, 2023 Brandon Ivey and Paul Muolo Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.Read More
Better Execs to Collect $17 Million in Bonuses Tied to Going Public October 2, 2023 Brandon Ivey Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”Read More
Home Equity Lending Up 13% in 2Q23 October 2, 2023 Brandon Ivey The top three home equity lenders in 2Q23: Bank of America, Citizens Bank and PNC...Read More
Government Shutdown Could Slow Some Mortgage Lending September 29, 2023 Monica Hogan Lending tied to the GSEs will largely carry on as usual though government-insured business could face some difficulties during a government shutdown.Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Short Takes: Interest Rates Up / Still Expected to Come Down / Annaly Offers Non-QM MBS September 29, 2023 Brandon Ivey Interest rates on mortgages hit a level last seen in 2000.Read More
Lender Trade Groups Seek Reduced Government Role September 28, 2023 Brandon Ivey Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.Read More
Bank Settles With DOJ on Redlining; No Fine September 28, 2023 Brandon Ivey Washington Trust Company agreed to spend at least $9 million on lending efforts in majority-Black and Hispanic neighborhoods though the bank won't pay a civil monetary penalty.Read More
Short Takes: Rithm Goes Big With Non-QM MBS / Chase Stocks MBS With HELOCs From Nonbanks / HUD Funding Homeownership Research September 28, 2023 Brandon Ivey Rithm Capital is preparing to issue a $669.9 million expanded-credit MBS.Read More
Brokers Gain Share in FHA/VA Lending September 27, 2023 Monica Hogan Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.Read More
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