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The proceeds are expected to be reinvested into agency mortgage-backed securities, which already make up 93% of Annaly's portfolio.

By applying what has been learned in the past year, mortgage providers can ensure they will be better positioned to take on more loans and grow their business, EarnUp CEO and co-founder Nadim Homsany writes

Matt Zames, who is stepping down from his position at Cerberus Capital Management this week, was an adviser to Doma before he joined its board in 2018, and is also a shareholder.

The FHFA’s forbearance extension to September is forcing nonbank servicers to buy out more delinquent loans. It's also upended loss estimates for investors and made racial and income disparities in the mortgage market worse.

The act, yet to be signed by Gov. Cuomo, aims to resolve the difficult problem of how to fairly compensate floating-rate investors in instruments for which the London interbank offered rate is no longer published.

That growth could be attractive to a housing finance industry that needs to find new loan sources as easy rate-and-term refinances dwindle.

But the 10-year Treasury yield began backing down after the weekend as investors reacted to turmoil in Europe.

The Originations event on April 15 dives deep into shifting market conditions, while our servicing symposium on June 17 will zero in on the most important issues facing that sector today. It all leads up to our Digital Mortgage Conference in September. Get involved!

Complaints to the Consumer Financial Protection Bureau jumped 54% to 542,300 in 2020. Concerns about credit reports have long outnumbered those in other categories and jumped significantly as a share of the total from 2019.

Willis, Texas led the list, with the most borrowers who would be likely to default if faced with sudden financial hardship.

The 11-year-old company, which went public earlier this year, sold new junk-rated bonds on Tuesday to refinance debt and to pay its shareholders a $200 million special dividend, according to a copy of the debt documents

But UWM says the provision is designed to protect against a broker double-locking the loan and is used by other lenders.

Stuck between local zoning hurdles and a lack of ideal federal financing, ADUs could be an important aspect to unlocking much-needed inventory.

Despite a 3% increase in new mortgages, overall applications dropped 2% on a consecutive-week basis due to a 5% decline in refis, according to the Mortgage Bankers Association.

Volumes were at a record high in the final quarter of 2020 but lenders didn’t make quite as much since gains on loan sales to the secondary market fell.

The $10 million program appears to be the first of its kind in the nation.

The San Diego-based company produced $10.6 billion in the fourth quarter, and has done $6.1 billion in the first two months of 2021.

Sales in February rose 22.8 percent from the same month in 2020. A total of 1,062 homes changed hands last month compared with 865 the previous February, according to a Maine Listings report released Monday.

Purchases of new single-family homes decreased 18.2% to a 775,000 annualized pace from an upwardly revised 948,000 rate in the prior month, government data showed Tuesday.

The Consumer Financial Protection Bureau’s acting director has said he could rethink the pending Fair Debt Collection Practices Act rules, but a report released Monday indicated they’re moving ahead for the time being.