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3Points: Cash-out Changes, FHA Condo Enhancements and An Opportunity for Millions of Borrowers

In the September 2019 edition of 3Points with UWM President & CEO Mat Ishbia, he talks about cash-out changes, FHA condo enhancements and a major opportunity for millions of borrowers. Read more...

Refi Candidates Swell to 11.7M: Black Knight

Black Knight released its latest Mortgage Monitor Report, which returned to the subject of servicer retention rates–the share of borrowers servicers retained through a refinance transaction. Read more...

Bidding Wars Sink to Eight-year Low

Home sellers didn’t stand as much chance of enjoying a bidding war for their properties last month. So reports MarketWatch. Read more...

Manafort asks judge to throw out mortgage fraud case

Paul Manafort, the former campaign chairman for President Trump, has formally asked a judge to toss the New York mortgage fraud case against him. So reports the Associated Press. Read more...

Trump Plan to Privatize Fannie, Freddie Released

The Trump administration has unveiled its widely anticipated plan to end government control of Fannie Mae and Freddie Mac. So reports CNBC. Read more...

Mortgage Production Profits Rise in Q2 to Highest Level Since 2016

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,675 on each loan they originated in the second quarter of 2019, up from a reported gain of $285 per loan in the first quarter of 2019, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report. Read more...

July Breaks 16-Month Streak of Declining Annual Home Price Growth: Black Knight

After 16 straight months of declines, falling interest rates helped to improve the national affordability landscape and stem the slowdown as annual home price appreciation rose in July. That's according to an upcoming report from Black Knight. Read more...

The Nuttiness of Today’s Digital Transformation Focus

There is no other topic in financial circles more sizzling than digital transformation. The buzz is everywhere: conferences, trade papers and webinars. It is like Y2k on steroids. But are we looking at digital transformation the wrong way? I think so. Here’s why we need to change our mindset. Read more...

Bill Bodnar of MMG: Why Are MBS Going Nowhere?

Bill Bodnar from the Mortgage Market Guide recaps the week, discusses what's ahead during the week of Labor Day and why mortgage backed securities are in a sideways to lower pattern. Read more...

Banks Go On Hiring Binge As Refinances Surge

With interest rates at historic lows and refinancing activity booming so far this year, banks have been hiring mortgage staff again. So reports Bloomberg. Read more...

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