Short Takes: Interest Rates Move Up / Home Sales Scuttled / Some Relief Expected / loanDepot Looking to Grow September 15, 2023 Brandon Ivey The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
CFPB Analysis Cites Concerns With Reverse Mortgage Ads September 14, 2023 Monica Hogan The CFPB examined direct mail ads for reverse mortgages.Read More
Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA September 14, 2023 Brandon Ivey Chase originated all of the mortgages in its latest jumbo MBS.Read More
Trade Groups Seek More Details, Delay on Capital Proposal September 13, 2023 Brandon Ivey Banking trade groups also called for a re-proposal or a new 120-day comment period.Read More
Shift to Bi-Merge Score Model Might Not Be Dramatic September 13, 2023 Dennis Hollier Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.Read More
Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A September 13, 2023 Brandon Ivey and Paul Muolo Demand for refis fell to a level seen at the beginning of the year...Read More
Expanded-Credit Originations Up in Second Quarter September 12, 2023 James Dohnert Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.Read More
FHFA Extends Timeline for GSE Credit Scoring Change September 12, 2023 Brandon Ivey The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.Read More
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