Short Takes: Foreclosures Decline / MSR Offering / New CEO at AmeriHome / Details on Fannie’s NPL Sale March 13, 2024 Brandon Ivey and Paul Muolo Foreclosure activity declined by 1% on a monthly basis in February.Read More
Mortgage Hiring Remains Elusive March 11, 2024 Paul Muolo At Jan. 31, mortgage bankers employed 186,000, the lowest reading in a decade.Read More
Cash Infusion, New Leadership at NYCB March 7, 2024 Brandon Ivey New York Community Bancorp has its third CEO in less than two weeks.Read More
Short Takes: Demand for Purchase Mortgages Increases / Rate Locks Up in February / New CEO at Carrington / Freddie Securitizing RPLs March 6, 2024 Brandon Ivey A small decline in interest rates last week helped to increase applications for purchase mortgages.Read More
NYCB Revises 4Q Financials, CEO Resigns March 1, 2024 Brandon Ivey NYCB’s fourth-quarter results went from a $252 million net loss as reported Jan. 31 to a $2.71 billion loss.Read More
CFPB Officials Scrutinize Appraisal Foundation February 27, 2024 Shannon Clark CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.Read More
Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More
Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More
Academy Purchase Will Add 600 LOs, 200 Branches to Guild’s Empire February 14, 2024 Paul Muolo In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.Read More
Appraisal Organization Working to Increase Diversity February 14, 2024 Shannon Clark According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.Read More
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