All types of credit, mortgages and credit cards included, were up in Q1 of 2023.
Read More »Ginnie Mae MBS Q1 Portfolio Crosses the $2.3T Mark
First-quarter mortgage-backed securities issuance by Ginnie Mae supported the financing of more than 281,000 households, including more than 126,000 first-time homebuyers.
Read More »Florida Leading the Way in Second-Home and Luxury-Home Sales
In an analysis of the top markets for second-home transactions and luxury homes in 2023, the Sunshine State held eight of the 15 top metros on the list, with Manatee County, Broward County, and Sarasota County experiencing the greatest price appreciation year-over-year.
Read More »Ginnie Mae Announces Two New Key Appointments
As Ginnie Mae continues its search for a permanent COO, Laura M. Kenney has been named Senior Advisor for Strategic Operations, in addition to Britt Van being appointed as Special Advisor to the President.
Read More »The Week Ahead: Examining the Anatomy of a Banking Failure
The FHFA will host a hybrid hearing of the Appraisal Subcommittee exploring the appraisal regulatory system focusing on appraisal standards, appraiser qualification criteria, and barriers to entry into the profession.
Read More »Interest Rates Impacting Borrowers’ Access to Home Equity
A new survey found that 50% of respondents cannot or would not borrow against their homes due to the current interest rate environment.
Read More »The New Face of the Secondary Marketplace
Mark Tribuna of CRA Note Exchange discusses how the secondary market has transformed from trading exclusively second-mortgage down payment assistance loans to also handling first-lien notes for affiliates of Habitat for Humanity International.
Read More »Mr. Cooper Group to Acquire Home Point Capital
In a deal for $324 million in cash, the acquisition of Home Point’s $84 billion servicing portfolio is expected to contribute to Mr. Cooper’s return on equity, with estimated 10% accretion to operating earnings within the first year.
Read More »FHFA Rescinds GSE Upfront Fees Based on DTI Ratios
By revoking the upfront fees based on borrowers’ DTI ratios for loans acquired by Fannie Mae and Freddie Mac, the FHFA continues its engagement to improve clarity and transparency regarding the GSEs’ pricing framework.
Read More »Sagent Opens Operations in India
Mortgage servicing fintech provider adds 120-plus members to its workforce by launching its non-U.S. headquarters in Chennai, India, following agreement with Mr. Cooper.
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