Fannie Mae releases monthly report

By: ameer@trustedteam.com

Serious delinquency rates, the measure of credit performance as well as an indicator of potential future defaults for single-family and multifamily guaranty books, were slower than in July. The conventional...

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Home flippers advised to watch out on pricing as existing home sales decrease

By: ameer@trustedteam.com

Existing home sales decreased slightly by 0.7% in August to a seasonally adjusted annual rate of 4.04 million units. Sales fell in the South and West, while they increased...

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Wholesaler EPM looks to convert retail LOs with new recruiting platform

By: ameer@trustedteam.com

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. EPM wants to help grow...

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Why are mortgage rates surging?

By: ameer@trustedteam.com

This statement from the Fed is classic Fed at work. The Fed has not helped its own cause here, as Austan Goolsbee, president and CEO of the Federal Reserve Bank...

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How underwriting technology is progressing as guidance evolves

By: ameer@trustedteam.com

Artificial intelligence could help lenders navigate secondary market underwriting guidelines, but only if it is in line with the latest guidance from regulators.Developments like the Consumer Financial Protection Bureau's...

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Mr. Cooper CEO Jay Bray on the challenges and opportunities in acquiring Home Point Capital

By: ameer@trustedteam.com

The recently completed $300 million-plus acquisition of Home Point Capital by Mr. Cooper provided an attractive opportunity to bolster the company’s existing mortgage servicing rights (MSR) portfolio, and it’s...

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CFPB ‘strikes out’ with reverse mortgage borrower assistance: Guttentag

By: ameer@trustedteam.com

The Consumer Financial Protection Bureau (CFPB) has regulatory enforcement authority over the reverse mortgage industry at the national level, but does not use that authority sufficiently enough to guide...

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Commentary: In a tough market, how do reverse mortgage pros stay relevant?

By: ameer@trustedteam.com

The current reverse mortgage market conditions are not for the faint of heart. The current market is incredibly challenging and can certainly deflate the best originators out there. There...

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Fleet Mortgages cuts 5-year BTL deals by 20bps   

By: ameer@trustedteam.com

Fleet Mortgages has cut rates on all five-year fixes across its three core ranges by 20 basis points.   The buy-to-let specialist says the reductions — among its standard, limited company...

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Clydesdale launches exclusives, cuts rates by up to 35bps  

By: ameer@trustedteam.com

Clydesdale Bank has launched new customer products and cut selected rates by up to 35 basis points.   The lender says its changes cover:   New customer exclusives   Professional purchase-only 85% loan to value...

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