Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB April 2, 2024 Brandon Ivey and Paul Muolo Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.Read More
As Late Payments on Non-QMs Rise, Lenders Take Note April 1, 2024 Paul Muolo Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...Read More
FHFA Conducting Targeted Exams of Nonbanks March 29, 2024 Brandon Ivey Between October 2021 and August 2023, 21 exams were conducted.Read More
Presidential Election Will Impact Regulatory Environment March 28, 2024 Monica Hogan Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.Read More
Mortgage Profitability Declines in Fourth Quarter March 27, 2024 John Bancroft Earnings from both originations and servicing took another hit in the fourth quarter of 2023.Read More
For Sale: MSRs With a Delinquency Rate North of 5% March 27, 2024 Paul Muolo The delinquency rate on the conventional loans is 5.23%.Read More
Short Takes: Figure Lending’s Parent Files Confidential IPO Papers / Slow Start to Spring Homebuying Season / Home Price Depreciation in Large Cities / GITSIT (Formerly Kondaur) Wins NPL Auction March 27, 2024 Brandon Ivey Figure Technology Solutions filed a confidential S-1 statement.Read More
State Regulators to Move Forward on Mortgage Reporting Overhaul March 26, 2024 Shannon Clark CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.Read More
Short Takes: Home Prices Decline / Sales of New Homes Slow / Renting Cheaper Than Buying / Non-QM Delinquencies Increasing March 26, 2024 Brandon Ivey The monthly decline in home prices in January was the first decline since August 2022.Read More
Short Takes: Higher for Longer / MSR Package for Sale / Dual Jumbo MBS From Goldman / More Non-Agency MBS March 20, 2024 Brandon Ivey and Paul Muolo Economists at Fannie Mae revised their interest rate projections, anticipating that rates on mortgages will stay higher for longer.Read More