Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT May 9, 2024 Brandon Ivey To this point, access to Fannie's income-calculation tool was only available through third parties.Read More
Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS May 2, 2024 Brandon Ivey The GSEs established a formal definition for mortgages to first-generation homebuyers.Read More
Fannie Increases Profits Despite Decline in Acquisitions April 30, 2024 Dennis Hollier Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.Read More
FHFA Final Rule Codifies Equitable Housing Finance Plans April 30, 2024 Dennis Hollier FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.Read More
Short Takes: Fannie Revises Originations Outlook Upward / Former Head of Correspondent Lending at Wells Lands at Mr. Cooper / DPA From loanDepot / CrossCountry Financing Energy Efficiency April 23, 2024 Brandon Ivey Economists at Fannie increased their projections for originations, citing "our more optimistic home price growth expectation and somewhat lower mortgage rate path, along with an upgraded expectation for home sales."Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal April 19, 2024 Brandon Ivey “We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.Read More
Better Works With Fannie to Remain Eligible to Sell Loans April 17, 2024 Paul Muolo Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”Read More
Short Takes: Applications Increase / HPA Accelerates / Fannie Selling RPLs / Another CES Securitization From Rocket April 17, 2024 Brandon Ivey Applications increased even as interest rates rose.Read More
Mixed Views Among Lenders on FHFA’s Title Pilot April 16, 2024 Dennis Hollier The MBA has concerns while the Community Home Lenders of America supports the effort.Read More