Securitization of mortgages for investment properties at the government-sponsored enterprises declined while conforming jumbo business increased. (Includes data table.)
A former Morgan Stanley employee has claimed the bank systemically pressures its staff to approve mortgages for wealthy clients, even when they don’t qualify.
Ginnie Mae has revised guidance to clarify that re-performing loans could season while on a three-month trial payment plan of a standalone partial claim.
SFA asked the CFPB to implement tailored approaches for assignee liability for compliance with mortgage disclosure requirements to mitigate adverse impacts.