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Coming Up:
A Terrible, Horrible, No Good, Very Bad Forecast For The Mortgage Industry
MBA economist says origination for 2022 is slipping even further than predicted.
Plus Platform Announces Encompass Integration With Ice Mortgage Technology
Integration enables lenders to deliver data for immediate post-closing QC and QA review securely
Finance Of America Mortgage To Shut Down
Unable to sell its forward mortgage origination unit, FoA decides to close it.
Non-QM Securities Running Into A ‘Backlog’
Investors aren’t interested in Non-QM backed securities, and it could slow down origination
Florida Housing Inventory & Prices Rise
Hurricane Ian had some impact.
Fannie Mae Announces 10th Credit Insurance Risk Transfer Of 2022
Transferred $265 million of mortgage credit risk to private insurers and reinsurers.
Ocwen Financial Corp. Loses $2M In Arbitration
Arbitrator: Lender refused to follow Freddie Mac guidelines to assist homeowners going through a divorce.
Marlin Mortgage To Acquire LoanFront LLC
Buyer and seller of mortgage servicing rights signs letter of intent to acquire direct-to-consumer mortgage lender.
KBRA: Backlog Of Redeemable Non-QM Securities Growing
Like refinancing a mortgage, redeeming a securitization affected by volatility of rates.