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Around the Industry

December 6, 2024
Monica Hogan
HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.
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EBO Investor Prevails in Lawsuit Against Mr. Cooper

December 5, 2024
Brandon Ivey
An affiliate of Proprietary Capital won some significant rulings this week in a lawsuit against Mr. Cooper. The dispute involved early buyouts from Ginnie Mae MBS.
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Momentum Builds for End of GSE Conservatorships

December 5, 2024
Dennis Hollier
More and more industry insiders believe the Trump administration will attempt to release Fannie and Freddie from conservatorship.
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Cardinal Issues VA MBS Pool With FICO 10 T Scores

December 5, 2024
Monica Hogan
Cardinal Financial issued the first Ginnie Mae MBS backed by VA loans with FICO 10 T credit scores.
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BlackRock Buying Parent of Acra

December 5, 2024
Paul Muolo
Acra Lending is just one of many businesses that are controlled by New York investment giant HPS. But now that BlackRock is buying HPS, what might the future hold for the non-QM lender/servicer?
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Delinquencies Lead to Rising Losses in Prime MBS

December 5, 2024
James Dohnert
Delinquencies have hampered performance in newer vintage prime non-agency MBS.
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Growing Demand for Insurance-Linked Securities

December 5, 2024
James Dohnert
Increasing investor demand and a need for insurance companies to diversify risk has led to growing interest in the insurance-linked securities market and catastrophe bond issuance.
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Grapevine: SEC Extends Relief on Reporting Rule; New CES Issuer

December 5, 2024
Brandon Ivey
ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.
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Turbulence in Subservicing Market in Third Quarter

December 5, 2024
Paul Muolo
Subservicing balances are declining across the spectrum, but not all vendors are suffering. Cenlar remains the market leader, but Mr. Cooper, ranked second, is no slouch. (Includes data table.)
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CFPB’s Data Broker Proposal Would Hinder Mortgage Advertising

December 5, 2024
Shannon Clark
A provision in the proposed rule that would limit sales of “credit header” information only to users who have a permissible purpose to obtain it would restrict the ability of lenders to advertise mortgage products.
Read More
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