Short Takes: Jobs and Interest Rates / CFPB Servicing Rule Coming / Incenter Expands Advisory Services / Securitization of Proprietary Reverse Mortgages December 8, 2023 Brandon Ivey Despite a relatively strong jobs report, the MBA still anticipates that the Fed will begin to cut rates in the spring.Read More
Former Senior FDIC Official Named New Leader of CSBS November 30, 2023 Brandon Ivey Brandon Milhorn was most recently the deputy to Travis Hill, vice chair of the Federal Deposit Insurance Corp.Read More
Short Takes: Eye on the 10-Year / A Decline in Forbearance / CrossCountry Expands DPA Program / Rithm Completes Acquisition / APM Promotes Lowman to Chair November 21, 2023 Brandon Ivey and Paul Muolo Some 0.29% of mortgages were in forbearance as of the end of October.Read More
PNC Bulks Up on MSRs, Trims Production Executives November 20, 2023 Paul Muolo Among federally insured depositories, PNC has been a significant buyer of mortgage servicing rights...Read More
Fannie CEO to Take On President Role as Well November 15, 2023 Dennis Hollier Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.Read More
BLS: 6,800 Mortgage Jobs Were Lost in September November 6, 2023 Paul Muolo Almost 30,000 mortgage-banking jobs have evaporated over the past 12 months...Read More
Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options November 3, 2023 Brandon Ivey and James Dohnert “I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
Short Takes: Better’s Insurance Play / No Coverage / The Benefits of Subservicing? / The Largest User / Wells’ Vice Chair Departs October 30, 2023 Paul Muolo The pros and cons of subservicing? It all depends...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
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