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With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.
August 5 -
Even with the second quarter's market disruption, Redwood Trust still regained profitability.
July 31 -
JPMorgan Chase Asset and Wealth Management Private Bank is pooling over 400 seasoned mortgage loans from its high-net worth clients. The loans are considered low-risk, but were not tested against CFPB qualified-mortgage standards.
July 23 -
The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.
June 26 -
An imminent high court ruling about the independence of the bureau's director, coupled with an election victory for Joe Biden, could doom a plan to extend GSEs' exemption from tough debt-to-income requirements on mortgages.
June 24 -
The Consumer Financial Protection Bureau plans to change the definition of what constitutes a qualified mortgage from a 43% debt-to-income limit to a price-based threshold, and further extend a temporary exemption given to Fannie Mae and Freddie Mac.
June 22 -
The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.
June 16 -
Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.
June 9 -
The company's planned two-week halt on originations turned into more than two months on hiatus because of coronavirus-related market disruptions.
June 4 -
With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.
June 2