Refi Surge Boosts Ginnie Loan Liquidations in 1Q
Inside Mortgage Finance
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16h ago
In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024 ..read more
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A Pay Cut for loanDepot Chief Martell
Inside Mortgage Finance
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16h ago
In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million ..read more
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Mortgages Helped Bring Down Failed PA Bank
Inside Mortgage Finance
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16h ago
At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates ..read more
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California Court Decision Could Prevent Non-QM Loan Mods
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16h ago
The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1 ..read more
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Short Takes: An Exchange of One for 100? / About Those Rate Cuts… / Keep on Selling (MSRs) / A Good Time to Be Owned by an HB / A Job Change for Roque
Inside Mortgage Finance
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16h ago
One of the largest 1Q24 sequential gains in home lending was had by DHI Mortgage at +21.6 ..read more
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Kiavi Launches Construction Financing for Real Estate Investors
Inside Mortgage Finance
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4d ago
The fix-and-flip lender believes its new construction loan product will help increase housing inventory and create more affordable housing ..read more
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HPC Seeks Greater Liquidity for Ginnie Nonbank Issuers
Inside Mortgage Finance
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4d ago
Nonbank issuers in the Ginnie Mae program should have better access to funding from commercial banks to help bolster their liquidity, according to a proposal from the Housing Policy Council ..read more
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Ginnie Servicing Grows in 1Q, Led by FHA Loans
Inside Mortgage Finance
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4d ago
The amount of servicing outstanding in Ginnie MBS increased by 1.6% during the first quarter. Lakeview/Bayview Loan Servicing increased its market share thanks to large purchases of MSRs ..read more
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Todman Defends HUD Budget Request Before Senate Committee
Inside Mortgage Finance
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4d ago
The Department of Housing and Urban Development’s Adrianne Todman last week made her first appearance before the Senate Banking and Housing Committee as acting secretary ..read more
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Government Lenders Address Climate Risk
Inside Mortgage Finance
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4d ago
FHA and VA lenders and servicers should prepare for more regulation related to climate risk and housing sustainability, speakers at an AmeriCatalyst conference last week suggested ..read more
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