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Fitch Rates Non-QM Offering By PRPM 2022-NQM1 Trust

The loans were originated by Sprout Mortgage, Newfi Lending, and others.

Non-QM
Bank Associations Sue The CFPB Over Discrimination Regulations

The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.

Regulation and Compliance
Homepoint Cuts Lending Capacity By $925M

Joins loanDepot in reducing capacity by around $1billion.

Wholesale
Mortgage Rates Resume Their Climb

The 30-year fixed rate at highest point since April 2002.

Analysis and Data
Inflation Rolls Along: Prices Up Again In September

CPI rose 6.6% in September from a month earlier, and was up 8.2% from a year earlier.

Analysis and Data
Zillow: First-Time Homebuyers Make Up Nearly Half The Market

They represent 45% of the market, up from 37% last year.

Analysis and Data
U.S. Foreclosure Activity Continues To Increase By The Quarter

Foreclosure filings are up over 100% compared to a year ago.

Analysis and Data
Truv Announces Insurance Verification Product

Will allow mortgage lenders to instantly verify proof of insurance.

Tech
The Fed Would Rather Do Too Much Than Too Little In Inflation Fight

September meeting minutes show renewed resolve to continue tightening monetary policy.

Regulation and Compliance
Oct 12, 2022
The Interest