Originations Increase by 36% in Second Quarter July 28, 2023 John Bancroft An estimated $400 billion of mortgages were originated in the second quarter.Read More
Trade Groups Highly Critical of Capital Proposal July 28, 2023 Brandon Ivey The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.Read More
PennyMac’s Lending Efforts Return to Profitability July 28, 2023 Brandon Ivey PennyMac was the largest mortgage lender in the first quarter of 2023, though the nonbank posted a loss from its production segment at the time.Read More
Non-QM Pricing Choppy for Whole Loans, MBS July 28, 2023 Paul Muolo Prices for non-QMs sold as whole loans are down a bit while spreads on MBS are declining, indicating increasing demand.Read More
Short Takes: Peak Interest Rates? / WAMC Chooses AGMIT / ‘Giving Away Mortgages’ July 28, 2023 Brandon Ivey Interest rates on mortgages are set to decline, according to NAR's economist.Read More
Banking Regulators Seek to Raise Capital Requirements July 27, 2023 Brandon Ivey Capital requirements for mortgages at big banks would vary based on LTV ratio.Read More
CFPB Cites Abusive Practices in Originations, Servicing July 27, 2023 Sam Manas The CFPB noted abusive practices in the mortgage market and many other sectors.Read More
Short Takes: Home Sales Slow / No Help From the Fed / FHFA Examines Commute Times July 27, 2023 Brandon Ivey Sales of new homes declined on a month basis in June.Read More
Income Up Sharply at Mr. Cooper in Second Quarter July 26, 2023 Paul Muolo Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.Read More
Short Takes: Home Price Plateau? / HUD Officials at NYSE / Low Downpayment Offering From Guaranteed Rate / Terra Property Trust Buys Some AGMIT Stock July 26, 2023 Brandon Ivey Home prices could decline in the coming months, according to analysts at Capital Economics.Read More
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