Redwood Trust shared some details around how nonqualified mortgages and other new products helped it cope with the industry’s tough market conditions in the second quarter as it confirmed prereported results and bottom line challenges due to legacy assets. Processing Content Redwood recorded a $2.9 million loss to common stockholders ($1.1 prior to payouts to […]
How Redwood is leaning into new loans to lift originations Read More »
Home prices grew modestly in May, while inflation continued to surge, according to two home price indicators. Processing Content The FHFA reported a 0.3% monthly increase from April to May and a 2.2% annual rise. Similarly, the S&P Cotality Case-Shiller home price index posted a 1.1% annual gain and a 0.9% monthly increase from April.
May home price gains split by region; LOs should look east Read More »
The Congressional Budget Office’s latest forecast for loan and guarantee program costs highlights some of the reasons the Trump administration has considered selling off a minority equity interest in two government-sponsored enterprises held in conservatorship. Processing Content The forecasts for lifetime costs starting next year shows Fannie Mae and Freddie Mac’s guarantees have value in
New expense projections could revive interest in GSE reform Read More »