News From NAMB: March 16, 2018

Mar 16, 2018

United Wholesale (Advertisement)
UWM just rolled out an exclusive program to help more borrowers fit into conventional financing. Conventional High Balance Nationwide allows borrowers to get into a conventional loan ranging from $453,100-$679,650, even if their property is located outside of the counties that are eligible under Fannie Mae and Freddie Mac high balance locations—instead of having to push them into a Jumbo loan. There is no manual underwrite so the loan will have much easier guidelines than a Jumbo loan. Visit their Web site at UWM.com to learn more.

Warren Insists That She’s Not Running for President

"I am not running for president in 2020," said Warren an interview for CNN's "State of the Union." "I am in this fight to retain my Senate seat in 2018. That's where I'm focused. That's where I'm going to stay focused. I'm not running for president." Click here for the full story.

The Bank Deregulation Bill in the Senate, Explained
Republicans and Democrats in Congress appear to have finally found something they can agree on, and it’s not immigration, or gun control, or healthcare. They’re easing some rules for banks. Click here for the full story.

Fannie Mae: Confidence in Housing Falls in February
Americans’ confidence in housing fell slightly in February, reversing gains from the previous month, according to Fannie Mae’s Home Purchase Sentiment Index. Click here for the full story.

FHFA Proposes Amendments to FHLB Affordable Housing Program Regs
The Federal Housing Finance Agency has announced proposed changes to its regulation on the Federal Home Loan Banks' Affordable Housing Program (AHP) and is seeking comments on the changes. Click here for the full story.

Housing Affordability Hits Nine-Year Low
The home-purchase market sunk to its least affordable point since 2009 to begin the year, Black Knight reported this week. Click here for the full story.

Valerie Saunders, CRMS is Executive Director of NAMB. She may be reached by phone at (202) 434-8250 or e-mail [email protected].

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Valerie Saunders

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Mar 16, 2018

Home Equity

Achieve Closes $261.5M HELOC Securitization Ahead Of Planned TPO Launch

The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter

Achieve has completed a $261.5 million securitization backed by 3,129 fixed-rate home equity lines of credit as it prepares to begin purchasing HELOCs from correspondent lenders.ACHM Trust 2026-HE1 closed July 30 and was announced Aug. 6. It is Achieve’s first HELOC securiti...

Analysis and Data

Better Will Miss September Break-Even Target, Interim CEO Says

Platform volume overtook DTC, but costly enterprise integrations have yet to deliver, and new partnership growth is not expected until Q4

Better Home & Finance will miss its goal of reaching adjusted EBITDA break-even by the end of September, interim CEO Daniel Lewis acknowledged during his first earnings call leading the company.Rather than set another deadline, Lewis said Better must first show that it c...