Inside Mortgage Finance, Sept. 21, 2023–Namrata BhatiaMortgage buybacks at banks increased slightly on a quarterly basis in the second quarter, though repurchase volume was down 30.4% on an annual basis …
Category: Top National News
Can an App Tell You What a House Is Worth?
The Washington Post, Sept. 22, 2023-Tom Peterson (subscription)The numbers pop up so easily. Plug in an address. Click a mouse.Click here to read
Raft of Commercial Mortgage Bond Ratings Were Slashed, Bank of America Says
Bloomberg News, Sept. 25, 2023-Charles E. Williams (subscription)Credit ratings were cut on the highest number of commercial mortgage-backed securities in “recent memory” last week, according to strategists at Bank of …
New Empower Owner Rebrands Business as Dark Matter
National Mortgage News, Sept. 15, 2023–Brad Finkelstein (subscription)Even though the Empower LOS was the second most-used origination platform in the mortgage business, it was commonly seen as taking a back …
House Poor Is Back: ‘The New Normal for the Foreseeable Future’
Fortune, Sept. 18, 2023-Sydney Lake (subscription)While many first-time home buyers struggle to afford a down payment on a house in today’s market, one of the long-term affordability issues centers on …
Opinion: The Evolution of the Independent Mortgage Bank
HousingWire, Sept. 12, 2023–Joe Camerieri (subscription)These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a …
A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That
Wall Street Journal, Sept, 13, 2023-Ben Eisen (subscription)There are millions of outstanding mortgages with a 3% interest rate. A new startup says it can help today’s home buyers get their …
GSE Repurchase Risk is Rippling Through the MSR Market
HousingWire, Sept. 13, 2023–Bill Conroy (subscription)The mortgage servicing rights market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion …
Preparing Homes for Wildfires Is Big Business That’s Only Getting Started
NPR, Sept. 15, 2023-Alina SelyukhAs the Blue Ridge Fire blazed across California’s Orange County in 2020, O.P. Almaraz stared at the menacing glow on the horizon and evacuated his family …
GSE Repurchase Risk is Rippling Through the MSR Market
HousingWire, Sept. 13, 2023–Bill Conroy (subscription)The mortgage servicing rights market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion …