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Small lenders face onslaught of agency loans returned to sender

Housing Wire

Fannie had outstanding loan-repurchase requests to mortgage lenders totaling $939 million based on unpaid principal balance (UPB) as of Sept. Spread across a multitrillion dollar mortgage-lending industry, the volume of repurchase requests stemming from alleged reps and warranties violations so far may not seem like a huge number.

Loans 370
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When rates skyrocketed, mortgage servicing reset the board. The next battle is about to begin

Housing Wire

In recent weeks, HousingWire has listened to mortgage lenders’ second-quarter earnings calls, reviewed analysts’ comments and interviewed industry experts to address a critical question: From a servicing perspective, which companies are best positioned for the new rate cycle? “A trillion unpaid principal balance (UPB).

Mortgages 458
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UWM is bullish on the resurgent private-label market

Housing Wire

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 396
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Agency loan-repurchase strategy sparks pushback

Housing Wire

Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth. He added that loan defects often leading to repurchase requests include, among others, borrower income-related issues (i.e.,

Loans 397
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Opinion: Regulators should focus on banks, not IMBs

Housing Wire

Because the key regulators in Washington spend a lot of their time ingratiating themselves to the banking industry and lamenting about nonbanks. I think it comes down to a core principal: IMBs only do mortgages. Or look at this data on DTI (debt to income ratio). In the FHA program alone, 46.3%

Banks 370
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Mortgage delinquencies are rising. FHA borrowers are feeling the impact

Housing Wire

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. Still, further deterioration could pose challenges for some investors and servicers and will warrant close attention, according to industry experts.

VA loan 305
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Today’s Mortgage Rates March 6, 2025: Rates Are Rising Again

Marco Santarelli

Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest). LTV (Loan-to-Value Ratio): This compares the amount of the loan to the appraised value of the home. A lower DTI is better.