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Wells’ Cross-Selling Scandal Impacted Mortgage Business

July 12, 2024
Shannon Clark
The bank experienced an uptick in mortgage-related complaints following the scandal, even though mortgage products weren’t part of the issue, according to a new research paper.
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Stable Forecast for Residential MBS; CMBS, Not So Much

July 11, 2024
Dennis Hollier
Fitch Ratings sees relatively smooth sailing for residential MBS this year while times are tough in the CMBS market, and the worst could be yet to come.
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Industry Experts Seek to Create Unified Mortgage Data Platform

July 11, 2024
Shannon Clark
The platform could resolve some common industry frustrations involving the analysis of mortgage data.
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How Effective Was the Bank Term Funding Program?

July 11, 2024
Dennis Hollier
Fed researchers quantify the effect of BTFP’s use of par valuations for collateral during the 2023 banking crisis.
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Moody’s Proposes Changes to Student Loan ABS Criteria

July 11, 2024
James Dohnert
The new ratings methodology would bring ratings for private student loan ABS in line with ratings for other consumer-backed ABS.
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CFPB Proposes Rule to Adjust Servicing Standards

July 11, 2024
Shannon Clark
The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.
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SCOTUS Ruling Takes Some Power From Regulators

July 11, 2024
Shannon Clark
The Supreme Court’s decision, overturning a deference that courts have provided to regulators for 40 years, should be a relief for the mortgage industry, according to an attorney.
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Improvements to Loss Mitigation Programs Needed Post-Pandemic

July 11, 2024
Shannon Clark
While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.
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House Subcommittee Moves FY25 HUD Funding Forward

July 5, 2024
Monica Hogan
The allotment for Ginnie Mae falls short of both the Biden administration’s requests and input from the mortgage industry.
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Mobility Hampers Active-Duty Homeownership

July 5, 2024
Monica Hogan
Age and mobility account for 73% of the homeownership gap between active-duty servicemembers and the nonmilitary population, according to a recent report from the Urban Institute’s Housing Finance Policy Center.
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