Origination

Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.

Foreclosure prevention actions supported homeowners, with loan modifications being the majority.

AnnieMac CEO Joe Panebianco has navigated a broad range of risks, from cash buyer competition to shifts in the market's loan product mix, with a unique leadership style.

The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.

ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.

KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.

If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.

Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports

The bill was one of three filed on Thursday aimed at reforming the two government-sponsored enterprises, all of them from Representative Scott Fitzgerald, a Wisconsin Republican. 

DSCR loans once allowed coverage ratios as low as 0.65, but 2023-24 vintage stress is pushing lenders toward stricter underwriting and interest-only structures.