Gain-on-sale margins are closing fast

Digital mortgage lender Better.com, which plans to go public via an SPAC, reported a net loss of $86 million in the second quarter.

Better.com reports $86M loss in Q2 as margin narrows   Digital mortgage lender Better.com, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. Fannie Mae changes homeowner education requirements   Fannie Mae announced today that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Disaster area properties? Remote inspections in 72 hours.   Speed up lost drafts with Incenter Appraisal Management's remote inspections. A certified inspector captures detailed images of the property and repairs using the homeowner's smartphone camera and then prepares the CDAIR report in 72 hours or less.    See the Demo! Sponsored by Incenter How mortgage servicers can increase visibility into their portfolios   The DigitalTax Portfolio Monitoring solution provides powerful visibility into trending and identification of changes in the customer's property characteristics, which then incites action and initiates true risk management, enabling a better experience for the homeowner. Presented by CoreLogic UWM blazes a trail in emerging private label MBS market   UWM has jumped headfirst into the private-label residential mortgage-backed securities market in 2021, ushering to market three private-label RMBS transactions so far this year involving securitized loan volume of nearly $1.2 billion. HW+ Premium Content Introducing a whole new Simple. With major growth and new product innovation, SimpleNexus has a whole lot of good to share with you during MBA Annual 2021. Visit booth #601. Sponsored by SimpleNexus FHFA puts kibosh on CSS issuing non-GSE securities   The FHFA on Tuesday declared that Common Securitization Solutions will solely focus on issuing mortgage-backed securities for Fannie Mae and Freddie Mac, and won't charter new potential competitors. Mortgage applications fall 6.9% with reduced refi appetite   Mortgage application volume dropped 6.9% for the week ending Oct. 1, as higher rates reduced borrowers' waning appetites for refis even further. Meet the future of the housing market Hispanics accounted for 51% of the growth in U.S. homeownership over the past decade. Don't miss out on a huge market opportunity that's growing every year. MGIC's Hispanic marketing tools and materials can help you connect with Hispanic borrowers. Learn More! Sponsored by MGIC CFPB report finds spike in digital adoption of financial services during pandemic   The Consumer Financial Protection Bureau's (CFPB) fifth biennial report to Congress on the consumer credit card market was released last week, highlighting an upward trend in adoption of financial technology. Industry prays for clarity but expects no mercy from Chopra   Affordable housing and consumer advocates hailed Rohit Chopra's confirmation as CFPB director, but industry stakeholders hope the watchdog agency will not catch them off guard. HW+ Premium Content All your real estate finance needs under one roof Power your business with the only end-to-end offering that supports the entire mortgage lifecycle. SitusAMC – powering opportunity everywhere. Learn more at situsamc.com. Sponsored by SitusAMC HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Manage preferences

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