Primary MI Activity Down at GSEs, Up at FHA in 3Q October 20, 2023 John Bancroft GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.Read More
DOJ, Ameris Bank Settle Redlining Allegations October 20, 2023 Sam Manas The settlement requires Ameris to issue $7.5 million in mortgage subsidies in majority-Black and Hispanic neighborhoods.Read More
Originations Increase at Western Alliance, Margins Shrink October 20, 2023 Brandon Ivey Volume up, margins down.Read More
Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC October 20, 2023 Brandon Ivey The DOJ has more than 24 investigations into redlining in progress.Read More
Ally Holds Originations Steady, Increases Profits October 19, 2023 Brandon Ivey The bank focuses on direct-to-consumer originations, with $267 million in production in the third quarter.Read More
Compliance Still a Concern With LOs Working Remotely October 19, 2023 Sam Manas Standards for remote work by loan originators vary by state.Read More
Short Takes: U.S. Bank Growing / Worse Than Expected / Home Prices Decline in CA October 19, 2023 Brandon Ivey U.S. Bank is making investments in its mortgage unit to drive growth.Read More
Smaller Lenders Gain Some GSE Market Share October 18, 2023 Dennis Hollier Small to mid-sized nonbanks accounted for 24.7% of GSE business in the third quarter, up from a 23.1% share in the second quarter.Read More
Industry Rally Cry Heard at MBA Show: Stay Alive Til ’25 October 18, 2023 Monica Hogan Susan Wachter, a real estate and finance professor at the Wharton School of the University of Pennsylvania, said it must be the industry’s new mantra.Read More
Originations Down Almost 18% at U.S. Bank October 18, 2023 Paul Muolo U.S. Bank's servicing-for-others portfolio fell to $232.3 billion at the end of September from $251.6 billion at the end of June.Read More
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