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Around the Industry

August 2, 2024
Monica Hogan
VA releases WebLGY system enhancement for veteran-paid buyer-broker charges; HUD updates debenture interest rates for FHA loans; FHA extends foreclosure moratorium in Maui, HI; Finance of America conducts 1-for-10 reverse stock split; MBA asks HUD for six-month extension for implementing new reconsideration of value policies.
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Lingering Concerns About CFPB and MBS/ABS

August 1, 2024
Shannon Clark
Additional litigation involving ABS could come from the bureau, according to Structured Finance Association CEO Michael Bright.
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UBS Sues BofA for Failure to Pay Decade-Old Legal Fees

August 1, 2024
Shannon Clark
UBS is seeking at least $200 million from the bank for failing to pay legal fees for two lawsuits dating back to 2010.
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GreenSky, Goldman Fix Up Home-Improvement ABS

August 1, 2024
James Dohnert
A new issuance from GreenSky adds to a growing securitized home-improvement loan market.
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Diversification Helps Fannie CRT Following Hurricane Beryl

August 1, 2024
Dennis Hollier
Fannie Mae releases data on the potential impact the historic storm may have had on CAS and CIRT deals.
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Mr. Cooper Grows as NYCB Scales Back on Mortgages

August 1, 2024
Brandon Ivey
The servicing acquisition from Flagstar puts Mr. Cooper’s pro forma portfolio at the end of June at about 31% higher.
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GSE Profits Slow to Respond to Market Improvement

August 1, 2024
Dennis Hollier
Second-quarter acquisitions increased at the government-sponsored enterprises, but profits remained stable as credit reserves shifted.
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MBA Expresses Frustration With NMLS Fee Hike Plan

August 1, 2024
Shannon Clark
The trade group said now is the wrong time to increase NMLS fees. It also criticized the proposal for the lack of justification for the changes.
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UWM Cashes in Some MSR Chips Amid High Demand

August 1, 2024
Paul Muolo
When it comes to MSR sales, UWM is a frequent user, but in the first half of 2024 the company exceeded expectations. For now, its model is: Originate MSR, then sell them.
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Rethinking the Relationship Between CDFIs, FHLBanks

August 1, 2024
Dennis Hollier
FHFA hosted a symposium on improving the relationship between the FHLBanks and CDFIs.
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