Finance

While lower rates have piqued borrower interest, most are waiting for some key events to pass before buying or refinancing, originators said.

The latest proposal for the two government-sponsored enterprises' affordable housing targets scales down some benchmarks for a tough market, but also raises one.

Lower interest rates could bolster loan demand, credit quality and securities portfolios. But they could also curb lending profitability faster than they ease deposit costs, crimping net interest margins and eating into near-term profits.

Trade groups welcome a proposed reverse-mortgage option for buyouts and are working with Ginnie Mae to hammer out the final operational details.

The revisions also revise how the surplus is calculated to evaluate risk of the bonds used as part of the available asset portion of the capital requirements.

From a "dislocation" in single-family servicing to a spike in a multifamily performance indicator, Q2 numbers point to emerging opportunities and risks.

The banking giant's sale of the non-agency, third-party portion of its commercial servicing business will boost the buyer's position in the securitized market.

Independent mortgage bankers, for the first time in two years, turned a profit on a per loan basis for their production, the Mortgage Bankers Association found.

Capacity reductions seem to be in their endgame as clients are looking to focus on revenue growth and market share, Boston Consulting Group said in its second quarter 2024 wrap.

10-Q filings with the SEC reveal additional information regarding the financial wherewithal of public mortgage lenders in the second quarter.

Among the big four title companies, the top two reported fewer open orders year-over-year in the second quarter, while the other two gained business.

Investor demand for loans made outside the qualified mortgage definition can shift over time. It's recently been going through a period of particular strength.

In a brave new world, Fannie and Freddie would be functionally like Pennymac and Mr. Cooper, but would have a credit line from the Treasury and FHFA regulation, writes the Chairman of Whalen Global Advisors writes.

Benutech's former CEO will head Voxtur, which is selling a majority stake in Blue Water Finance Technologies and repositioning itself in real estate lending.

Specialized Portfolio Servicing's sale resolves questions about it that arose when UBS bought the troubled Credit Suisse last year.

Thanh Roettele will help guide the Canadian bank's growth in the mortgage warehouse space in one of its latest moves aimed at the U.S. market.

Issuance of new mortgage-backed securities guaranteed by Ginnie Mae has returned to levels last seen during the year monetary policymakers began raising rates.

The increase in refinance volume in July took place before the mortgage rate collapse in early August that brought the share to over 25%, Optimal Blue data showed.

Risks include pushing debt-to-income ratios too high for qualifying and rising costs leading to defaults, all of which affect the secondary markets.

Remax Holdings had net income of $3.7 million, up from $2 million one year prior, but a non-GAAP measure used for the mortgage business showed a near $200,000 increase in losses.