Interest Rate Outlook Shifts Following Fed’s Rate Cut December 19, 2024 Brandon Ivey After projecting four rate cuts for 2025 at their September meeting, members of the Federal Open Market Committee now project only two rate cuts next year.Read More
Larger Banks Boost Mortgage-Banking Earnings in 3Q December 19, 2024 Namrata Bhatia JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.Read More
FHA Proposal Aims to Increase Servicer Liquidity December 19, 2024 Monica Hogan FHA is considering reimbursing servicers for tax and insurance advances earlier in the default process.Read More
Groundfloor Issues RTL Securitization With Unique Payment Feature December 19, 2024 James Dohnert Georgia-based investment property lender has announced a new type of securitization backed by deferred-pay RTLs.Read More
Short Takes: Fannie Expects Steady CRT Issuance / Housing Starts Increase / Home Sales Slower Than Expected / Moody’s Affirms Assessment of Mr. Cooper December 19, 2024 Brandon Ivey Fannie Mae projects that its issuance of credit risk transfer transactions in 2025 will be similar to issuance in 2024.Read More
REITs Add to MBS Holdings in Third Quarter December 18, 2024 John Bancroft A group of 16 mortgage REITs held $196.29 billion of residential MBS on their books at the end of September.Read More
Chase Makes Splash in Expanded-Credit MBS Market December 18, 2024 Brandon Ivey Chase is marketing its first expanded-credit MBS with mortgages for primary residences.Read More
CFPB Sets ATR Requirements for PACE Loans December 18, 2024 Shannon Clark The final rule establishes ability-to-repay requirements for Property Assessed Clean Energy loans.Read More
CFPB Issues Warning on Servicing After a Divorce, Death December 18, 2024 Brandon Ivey Some mortgage borrowers are “being caught in a customer service doom loop,” according to the CFPB.Read More
Short Takes: Senate Passes Trigger Leads Bill / Mixed Figures for Interest Rates / Ginnie’s Reliance on Contractors / Swings in CA Home Prices December 18, 2024 Brandon Ivey The Senate approved S. 3502, The Home Buyers Privacy Protection Act, on a unanimous vote.Read More