Servicing Income Helping to Prop Up Lenders November 30, 2023 John Bancroft Large mortgage companies are seeing flat income from originations and increasing income from servicing.Read More
FHA Seeks Comments on Proposed Rehab Program Revisions November 30, 2023 Monica Hogan FHA plans to reduce barriers to the 203(k)-rehabilitation loan program.Read More
Short Takes: LO Reality Show / Impact of Higher Rates / Sticker Shock for Home Sales / Affordability Constrained November 30, 2023 Brandon Ivey Fairway Independent Mortgage created a “docuseries” following teams of loan originators at the lender.Read More
FHLBank Earnings, Advance Usage Down in Third Quarter November 29, 2023 Dennis Hollier The 11 Federal Home Loan Banks reported net income of $1.74 billion for the third quarter, down 5.7% from the previous period.Read More
BofA Fined $12 Million for HMDA Misreporting November 29, 2023 Sam Manas The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.Read More
Correspondent Outlets Showing Strong Demand for Loans November 29, 2023 Brandon Ivey Guild Mortgage's originations unit turned a profit in the third quarter thanks to strong demand from correspondent buyers.Read More
Short Takes: FHA Loan Limits / Immediate Implementation / Home Price Declines? / Applications Depressed November 29, 2023 Brandon Ivey Now that the 2024 conforming limits have been set, the FHA and lenders are setting their 2024 boundaries...Read More
GSE Loan Limits to Increase 5.6% in 2024 November 28, 2023 Brandon Ivey The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.Read More
Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines November 28, 2023 Paul Muolo According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.Read More
Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality November 28, 2023 Brandon Ivey and Paul Muolo Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.Read More
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