Banking Regulators Seek to Raise Capital Requirements July 27, 2023 Brandon Ivey Capital requirements for mortgages at big banks would vary based on LTV ratio.Read More
Agency Delinquencies Increase in Second Quarter July 27, 2023 Brandon Ivey The total delinquency rate on agency MBS hit 2.60% at the end of June.Read More
CFPB Cites Abusive Practices in Originations, Servicing July 27, 2023 Sam Manas The CFPB noted abusive practices in the mortgage market and many other sectors.Read More
Annaly Returns to Profitability in Second Quarter July 27, 2023 Brandon Ivey The $161.2 million in net income was nowhere near enough to wipe out the $839.3 million loss the REIT took in the previous quarter.Read More
Large GSE Servicers Gain Share in Second Quarter July 26, 2023 Dennis Hollier The 25 largest GSE servicers handled 73.7% of the servicing volume as of the end of June, up from a 72.9% share at the end of March.Read More
Income Up Sharply at Mr. Cooper in Second Quarter July 26, 2023 Paul Muolo Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.Read More
Mortgage Complaints to CFPB Down in Second Quarter July 25, 2023 Sam Manas Complaints declined by nearly 30% compared with the first quarter.Read More
Federal Agencies Placing Emphasis on Housing Equity July 25, 2023 Monica Hogan A DOJ official suggests that more redlining cases are coming...Read More
Short Takes: House Prices Tick Up / Pulte Boosts Originations / MSR Offerings From MIAC July 25, 2023 Brandon Ivey and Paul Muolo The average house price increased by 0.7% on a monthly basis in May...Read More
MSR Transfers by UWM, Wells, Others Bolster Sales Activity in 2Q July 24, 2023 John Bancroft When in doubt, sell MSRs: UWM transferred $66.1 billion of product in 2Q23...Read More
RSS