A $1 Billion Borrowing Line For PennyMac’s REIT December 30, 2024 Paul Muolo The collateral entails Fannie Mae mortgage servicing rights owned by PennyMac...Read More
A Risky Proposition: 2024 VA Rate-and-Term Refis December 30, 2024 Monica Hogan ICE: The average rate-and-term refinancer had their previous mortgage for just 15 months prior to refinancing...Read More
Demand Strong for NPLS, RPLs. But Inventory is Lacking... December 30, 2024 Paul Muolo Tad Dahlke of RAMS Capital noted that delinquencies “just aren’t going up much.”Read More
CFPB Wants to Bring Data Brokers Under the FCRA December 30, 2024 Shannon Clark The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.Read More
Short Takes: About that Rocket Lawsuit... / MLO Enforcement? / How Much of Newrez Will be Spun Off? / A New Hire for Planet December 30, 2024 Paul Muolo Rithm Capital likely will explore a “listing of up to 20% of Newrez’s shares in 2025,” says KBW...Read More
Correspondent Channel Ramps Up Nonconforming Originations December 27, 2024 James Dohnert Nonconforming mortgage originations in the correspondent channel increased from the second to the third quarter.Read More
CFPB Goes After Rocket for Alleged Kickback Scheme December 27, 2024 James Dohnert The CFPB alleges that Rocket Homes provided real estate brokers incentives for steering homebuyers to Rocket Mortgage.Read More
MBA Calls for Clarification of FHA Rental Income Proposal December 27, 2024 Monica Hogan The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.Read More
Investor Demand Could Drive HEL Originations in 2025 December 27, 2024 James Dohnert KBRA forecasts that non-agency securitizations of HELOCs and CES loans will increase next year.Read More
Short Takes: Housing Supply on the Rise / Mortgages in Forbearance Up / Rates Need to Decrease More to Encourage Refi Wave December 27, 2024 James Dohnert Housing supply is up 12% year-over-year.Read More
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