Primary MI Volume Increases in Third Quarter October 18, 2024 Brandon Ivey The increase in the use of primary MI during the third quarter was sharpest in refinances.Read More
Western Alliance Boosts Originations in 3Q, Revenue Down October 18, 2024 Brandon Ivey While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
Fannie Economists Expect Homeowner ‘Lock-In’ to Persist October 17, 2024 Brandon Ivey Fannie economists project that purchase-mortgage originations will increase by 15.4% on an annual basis in 2025.Read More
Core Products Remain the Focus at GSEs in 3Q October 17, 2024 James Dohnert Noncore products are loans in which the non-agency market competes with the GSEs.Read More
UWM Offers Cash-Out Refi With High LTV Ratio, No Borrower-Paid MI October 17, 2024 Brandon Ivey It’s not clear what secondary market execution UWM will employ nor whether UWM will use lender-paid MI.Read More
VA Lenders, Borrowers Adjusting to Home Sale Commission Changes October 17, 2024 Monica Hogan VA issued a temporary variance to allow borrowers to pay buyer-broker charges so they could compete in the real estate market.Read More
Short Takes: Chimera to Acquire Asset Manager / $300 Million Investment in HEI Provider / Cerberus Packages US Bank Loans / Jumbo MBS From Chase / Rocket’s Latest CES Securitization / Better Launches Voice AI October 17, 2024 Brandon Ivey Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.Read More
Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
Fairway Settles Redlining Charges With DOJ, CFPB October 16, 2024 Shannon Clark Fairway Independent Mortgage denied the allegations and said it determined the settlement was “the most appropriate solution.”Read More
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