Chopra Idea for ‘Open Banking’ With Mortgages a Tough Sell September 24, 2024 Shannon Clark A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.Read More
Short Takes: Home Price Appreciation Slows / Homebuilders Still Offering Buydowns / Forbearance Rising / CV3 Tops $1.0 Billion in Originations September 24, 2024 Brandon Ivey Annual readings for home price appreciation are close to falling below the increase in conforming loan limits some lenders have offered for 2025.Read More
Private Equity Remains Keen on MSR Market September 23, 2024 Paul Muolo One advisor estimated it can take a fund — PE or hedge — 18 to 24 months to enter the MSR market.Read More
GSE Servicing Share Declines Again in Second Quarter September 20, 2024 Brandon Ivey At the end of June 2024, the GSEs accounted for 47.6% of servicing outstanding.Read More
Some Volatility Expected After Fed’s 50-BP Rate Cut September 19, 2024 Brandon Ivey Mortgage market participants are adjusting following the rate cut by the Federal Reserve.Read More
Short Takes: Mortgage Demand Grows / Many Borrowers Look Refi Ready / Outlook Improves for Provident Funding / Bulk MSR Offering / Non-QM MBS From Balbec, Morgan Stanley September 18, 2024 Brandon Ivey Loan applications are increasing as mortgage interest rates decline.Read More
Banks Add to First-Lien Holdings in Second Quarter September 17, 2024 James Dohnert Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.Read More
Texas Bank Buys Mortgage ‘Shell’ September 16, 2024 Paul Muolo Besides being an active home lender and originator, NexBank is the nation’s 13th largest warehouse provider.Read More
FHA Proposes Updates for Partial Claims September 13, 2024 Monica Hogan Among other changes, the draft ML proposes extending the required time, from five to 15 days, for servicers to record a partial claim security instrument.Read More
Short Takes: Affordability Tipping Point / Foreclosures Decline / Spanish Option From CrossCountry / 10,000 Applications in Spanish September 12, 2024 Brandon Ivey Buying a home is “roughly affordable again at the national level,” according to Zillow.Read More