Lenders Face Headwinds From Bank Volatility May 30, 2023 Dennis Hollier MBA Chief Economist Mike Fratantoni cautioned that mortgage originations could face ongoing pressure tied to issues with banks.Read More
Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating May 30, 2023 Brandon Ivey Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...Read More
Correspondent Channel Gains Share Even with Wells’ Exit May 26, 2023 John Bancroft Wells reported just $980 million in correspondent production in the first quarter, effectively leaving about $4.5 billion on the table for others.Read More
Colonial Savings to Cease Offering Mortgages May 26, 2023 Brandon Ivey The depository institution started offering mortgages in 1952.Read More
Ginnie Working to Increase Participation by Smaller Lenders May 26, 2023 Monica Hogan Ginnie is expanding a working partnership with the Federal Home Loan Bank of Chicago.Read More
Chase Sees Plenty to Like in First Republic’s Business May 26, 2023 James Dohnert Chase leadership anticipates building strong relationships with the affluent borrowers that First Republic garnered throughout its 38-year existence.Read More
Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy May 26, 2023 Brandon Ivey The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.Read More
Higher-Priced Mortgage Volume Ticks Up in 2022 May 25, 2023 James Dohnert Non-agency higher-priced mortgages are a proxy for subprime loans.Read More
CFPB Confirms It’s Worth Shopping for a Mortgage May 25, 2023 Brandon Ivey The CFPB found a wide range of interest rates on mortgages originated in 2021 among the top 20 lenders.Read More
FHA Welcomes Increased Condo Lending May 25, 2023 Monica Hogan FHA last updated the rules for its condo approval process in late 2019 and encourages feedback from industry.Read More
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