Short Takes: Applications Increase / Housing Starts Decline / Mixed Outlook From Housing Investors / State Regulators to Update NMLS July 17, 2024 Brandon Ivey The increase in mortgage applications was driven by refis.Read More
Slightly Higher Credit Scores, LTV Ratios on GSE Business in 2Q July 16, 2024 Brandon Ivey The share of loans with a credit score of 740 of above increased from 69.65% for deliveries to the GSEs in the first quarter of 2024 to 70.80% in the second quarter.Read More
Originations Jump at BofA in Second Quarter July 16, 2024 Brandon Ivey Both BofA and PNC increased production compared with the first quarter of 2024, though volume was down compared with the second quarter of 2023.Read More
Rocket Faces Appraisal Bias Charge From HUD July 16, 2024 Monica Hogan HUD charged Rocket Mortgage and other entities with appraisal bias.Read More
Short Takes: Chase Doubles Up With Prime Non-Agency MBS / Tweak in Fannie’s Latest CRT / Smaller Expanded-Credit Deal From Verus / Home Price Appreciation Slowing July 16, 2024 Brandon Ivey Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.Read More
Flagstar Official Anticipates Growing Originations July 15, 2024 James Dohnert New construction and non-qualified mortgage products are performing well despite limited inventory impacting purchase originations.Read More
Appeals Court Revives CFPB’s Lawsuit Against Townstone July 12, 2024 Shannon Clark The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.Read More
Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
Originations Jump at Chase, Wells in Second Quarter July 12, 2024 Brandon Ivey Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
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