Short Takes: New Jumbos From United Wholesale / A Sliver of Hope for Home Sales / AAA Rating at Risk May 25, 2023 Brandon Ivey United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
Short Takes: Applications Decline / ABA Calls for GSE Legislation / Second-Lien Securitization / Risky Areas May 24, 2023 Brandon Ivey Demand for mortgages declined as interest rates ticked up.Read More
First Republic Topped Jumbo Lenders Before Demise May 23, 2023 James Dohnert For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.Read More
Thompson: GSE Pricing Grids Were Outdated May 23, 2023 Brandon Ivey Thompson was the sole witness at a hearing by the House Financial Services Committee.Read More
Sharp Differences in FHA, Private MI Business May 23, 2023 Monica Hogan There's some competition between FHA and private mortgage insurance companies, though much of their business is focused on different sets of borrowers.Read More
Short Takes: Freddie Offers Automated Paystub Assessment / ‘Soft’ Credit Pulls From Blend / Non-QM MBS From Ares / Fintech Enters Warehouse Sector May 23, 2023 Brandon Ivey The GSE says the addition to its income assessment tool will expand access to credit.Read More
Jumbo Lending Drops in First Quarter May 19, 2023 John Bancroft Banks reduced their appetite for jumbos in the first quarter.Read More
Lenders’ Losses Narrow in First Quarter May 19, 2023 Brandon Ivey Originations remained a money-losing venture for many lenders in the first quarter, though the losses weren't quite as bad.Read More
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