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Coming Up:
As Recession Looms, MBA Lowers Its Mortgage Volume Estimate
Prediction for mortgage loan origination volume has fallen in each month this year; now at $1.8T.
Fannie Mae: Home Prices Grew Nearly 5% YOY
Home Price Index shows prices grew 4.7% annually from Q1 2022 to Q1 2023.
Fitch, KBRA Rate Non-QM RMBS Offering
OBX 2023-NQM3 Trust is a $407.5M securitization backed by 807 mostly Non-QM loans, 22% from SG Capital.
Mortgage Applications Fall As Rates Rise
The 30-year fixed rate increased 13 basis points to 6.43%.
Foreclosure Activity Continued To Climb In Q1 2023
Foreclosure starts increase 29% YOY; bank repossessions at highest level in 3 years.
Building SPCPs
Give yourself an edge and borrowers some reprieve with SPCPs
Apr 18, 2023
Apr 18, 2023
Where Will Tech Take Us Next?
Where will tech take the mortgage industry?
Apr 18, 2023
Legal Battle Over EPM NASCAR Sponsorship Going To Mediation
Equity Prime Mortgage, Jesse Iwuji Motorsports to meet with mediator next week.
Loans In Forbearance Decrease In March
MBA says as COVID-19 emergency comes to a close, forbearances continue to tick down.