Short Takes: Large Package of MSRs on Offer / Home Equity Declines / Homeowners Still Locked In / Tepid Home Tour Activity February 1, 2024 Brandon Ivey Incenter is marketing a sale of GSE MSRs with a total unpaid principal balance of $15.06 billion.Read More
FHFA Directs GSEs to Explore Alignment on Reps, Warrants January 31, 2024 Dennis Hollier This year's scorecard includes more focus on the multifamily businesses of Fannie Mae and Freddie Mac.Read More
Mortgage Margins Plummet at NYCB in Fourth Quarter January 31, 2024 Brandon Ivey The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.Read More
Warehouse Lenders Looking for Lower Interest Rates January 31, 2024 Paul Muolo and Brandon Ivey One chief concern: Warehouse borrowing covenants have been breached.Read More
Short Takes: Applications Decline / Chase Expands SPCP Benefits / Luxury Home Price Appreciation Accelerates / New Expanded-Credit MBS January 31, 2024 Brandon Ivey Demand for purchase mortgages declined last week even as interest rates stayed level.Read More
Mortgage-Related Complaints to CFPB Decline Slightly January 30, 2024 Andras Malatinszky Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.Read More
REIT Will Enter the Origination Market. However… January 30, 2024 Paul Muolo The production chief Two Harbors hired was not identified by name...Read More
Mixed Trends in Originations by Homebuilders January 30, 2024 Brandon Ivey Pulte boosted its originations in the fourth quarter while production was down at NVR.Read More
Mortgage Companies Advised to Run Phishing Drills January 30, 2024 James Dohnert “If you look at some of the big names, the common thread is always a phishing email that someone clicked on,” said Freddy Feliz, chief information officer and vice president of information technology at the Mortgage Bankers Association.Read More
Short Takes: loanDepot Waives Late Fees / Slow, Steady HPA / Profit for Dynex in 4Q / MI Benefits Workgroup January 30, 2024 Brandon Ivey loanDepot won't assess late fees for its servicing customers for January payments until after the end of the month.Read More
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