Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm August 16, 2023 Brandon Ivey The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.Read More
Ginnie Issuance Slows in July on FHA Activity August 15, 2023 Monica Hogan FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.Read More
Banks Pull Back on Mortgage Lending, Pinching Profits August 15, 2023 James Dohnert While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
Retail Channel Gains Share in Agency Market August 10, 2023 Andras Malatinszky The retail channel gained market share from brokers and correspondents in the second quarter.Read More
Short Takes: Ishbia Bashes Rocket / UWM Goes High and Low / Foreclosures Decline / ‘Clueless’ on Housing August 10, 2023 Brandon Ivey Rocket has “kind of fallen off the deep end,” according to Mat Ishbia, chairman and CEO of United Wholesale Mortgage.Read More
Deliveries to GSEs Slow in July August 9, 2023 Dennis Hollier Volume was off 10.4% in July compared with June.Read More
United Wholesale Mortgage Recovers From Loss in 1Q August 9, 2023 Brandon Ivey Much of the reversal in UWM’s earnings in the second quarter was tied to changes in the value of mortgage servicing rights.Read More
Losses Narrow at loanDepot in Second Quarter August 9, 2023 Paul Muolo CEO Frank Martell warned loanDepot will continue to “aggressively” reduce costs, a likely nod to additional layoffs.Read More
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