Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale April 3, 2024 Brandon Ivey Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.Read More
Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly March 29, 2024 Brandon Ivey FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.Read More
Short Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital Closings March 28, 2024 Brandon Ivey The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.Read More
Short Takes: Fed Plans to Slow Balance Sheet Runoff / FHFA to Host AI-Focused TechSprint / Home Improvement Securitization / Downgrade of Old Subprime MBS March 21, 2024 Brandon Ivey The Fed plans to reduce the speed of the runoff of Treasuries and MBS from its balance sheet "fairly soon," according to Fed Chair Jerome Powell.Read More
Short Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech Company March 19, 2024 Brandon Ivey Some 0.22% of mortgage borrowers were in forbearance as of the end of February.Read More
Losses at Blend Narrow in Fourth Quarter March 15, 2024 Brandon Ivey Blend took a loss of $179.9 million for the full year 2023 after a loss of $763.8 million the previous year.Read More
Short Takes: Waiting for Details on FHFA Pilot / UWM to Cover Costs of Hard Credit Pulls for Brokers / No Questions on Cyberattack / New Listings of Homes Increase March 14, 2024 Brandon Ivey Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.Read More
Hurdles for Participation in CFPB Disclosure Pilot March 5, 2024 Shannon Clark A trial disclosure program launched in November for construction loans doesn't have any approved participants.Read More
Short Takes: Recapture Tip / Home Prices Overvalued / MSR Values Improve / AI Help on Guidelines March 4, 2024 Brandon Ivey Servicers retained only about 20% of borrowers that refinanced their mortgages during the fourth quarter of 2023.Read More
Short Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake February 28, 2024 Brandon Ivey Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.Read More
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