Purchase Mortgages Boost Ginnie Issuance in 2Q July 9, 2024 Monica Hogan Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.Read More
CHLA Presses CFPB to Tackle Abusive Trigger Leads July 9, 2024 Shannon Clark CHLA provided three key priorities for the CFPB to focus on regarding trigger leads.Read More
Short Takes: FHLBank of Chicago Accepts VantageScore / The Reason for Rate’s Rebrand / New Scratch-and-Dent MBS July 9, 2024 Brandon Ivey Members of the FHLBank of Chicago can pledge collateral to the bank with VantageScore credit scores rather than the traditional FICO score.Read More
Brokers Add Jobs, Mortgage Bankers Keep Trimming July 8, 2024 Paul Muolo The BLS reading on mortgage employment trails the national numbers by a month.Read More
Mortgage Lock Activity Declines in June July 5, 2024 Brandon Ivey Locks for purchase mortgages and refinances declined in June as interest rates increased.Read More
Broker Channel Gains Share in First Quarter July 5, 2024 Namrata Bhatia In the conventional-conforming sector, the broker share grew to 22.2% in the first quarter, up from a 21.6% share the previous quarter.Read More
MBA: Rate Cuts Still on the Table Following Strong Jobs Numbers July 5, 2024 Brandon Ivey Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association, stressed that headline figures from the June jobs report don't tell the whole story on employment trends.Read More
CFPB Fair Lending Efforts Focus on Pricing, HMDA July 5, 2024 Shannon Clark The CFPB completed 28 fair lending examinations or reviews on banks and nonbanks last year.Read More
Short Takes: Pending Home Sales Decline / PennyMac Adds MSR Financing / New Expanded-Credit MBS / Translations of FHA Servicing Documents July 5, 2024 Brandon Ivey Pending home sales in June declined on an annual basis at a rate not seen in four months.Read More
Adjusting to a ‘New (Mortgage) Normal’ July 3, 2024 Paul Muolo APM has strung together a string of profitable months. It's not alone...Read More
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