HELOCs From UWM, loanDepot Fuel Chase’s MBS December 21, 2023 Brandon Ivey It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.Read More
Short Takes: ‘Overvalued’ Share of Homes Increasing / Existing Home Sales Up / FHA/VA Delinquencies Rising / National Strategy for Financial Inclusion December 21, 2023 Brandon Ivey Homes in 88% of metropolitan statistical areas in the country are overvalued, according to Fitch Ratings.Read More
Mixed Trends in Jumbo Lending as Retail Production Declines December 20, 2023 James Dohnert The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.Read More
Strong Demand for Mortgages Tied to New Homes December 20, 2023 Brandon Ivey Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.Read More
Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction December 20, 2023 Brandon Ivey and Paul Muolo Loan applications declined even as interest rates came down further.Read More
FHA/VA Lending Stands Out in Third Quarter December 19, 2023 Monica Hogan FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.Read More
Navy Federal Retains Civil Rights Lawyer for Lending Assessment December 19, 2023 Brandon Ivey Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.Read More
Consumer Groups Happy With New CDFI Certification Process December 19, 2023 James Dohnert Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.Read More
Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS December 19, 2023 Brandon Ivey Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.Read More
CrossCountry Strikes a Deal in Texas? Looks That Way December 18, 2023 Paul Muolo Ron Leonhardt founded the acquisition-minded CrossCountry Mortgage in 2003...Read More
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