Will dual licensing expand as agents and LOs pursue new revenue?
RETR found 3,729 agent and loan officer name matches, 40% in California, and examines revenue implications and licensing risks for lenders and servicers.
UAD 3.6 appraisal mandate effective; few exceptions for unready lenders.
Overview of UAD 3.6 appraisal submission requirements from Fannie Mae and Freddie Mac, limited temporary exceptions for approved lenders, and implications.
Larissa Morrell on the Evolution of Reverse Mortgage Products.
Longbridge VP Larissa Morrell on proprietary reverse features, home equity investments and partnership approaches relevant to private lenders and.
Median mortgage payment rises $53 to $2,215 as affordability worsens.
The median mortgage payment sought by homebuyers rose $53 to $2,215 in September, MBA reports, reversing summer improvements as rates climbed.
FHFA watchdog accuses regulator of withholding records during oversight.
IG alleges FHFA withheld records in three oversight reviews; FHFA disputes the claim. Lenders and servicers should note potential transparency risks.
Only 19% of California households can afford a median-priced home.
California's median home price fell in the third quarter, but only 19% of households could afford it as borrowing costs rose.
Weyerhaeuser sells Arkansas timberland as housing demand pressures wood.
Sale of 81,000 Arkansas acres for $146 million amid profit pressure signals tighter wood supply and price volatility relevant to housing finance.
Labor Costs Rise 0.8% as Wage Growth Slows, Clouding Mortgage Outlook.
Employer compensation rose 0.8% while annual wage growth held at 3.4%, complicating mortgage rate projections. Lenders and servicers should adjust pricing.
PennyMac Mortgage Investment Trust Signals Dividend Cut After $36M Loss.
Reports a $36M quarterly loss and planned dividend cut for repurchases. Relevant to private lenders and servicers assessing REIT cash flow and pricing.
Pennymac reports $29M profit as expenses fall and leadership shifts.
Summarizes Pennymac's $29M profit, expense reductions and exec succession, and the implications for funding, counterparty risk and servicing operations.