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Around the Industry

June 7, 2024
Monica Hogan
VA issues circular on upcoming changes to its full file loan review submission process; FHA launches case binder module updates to its Catalyst system; FHA releases pre-recorded webinar for first-time homebuyers.
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FOMC Members Debate Pace of Portfolio Runoff

June 6, 2024
Dennis Hollier
Did the Fed jump the gun by deciding to slow the pace of balance sheet reduction without waiting until it approached the point of ample reserves?
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For Sale Once Again: MBS Servicer SPS

June 6, 2024
Paul Muolo
Select Portfolio Servicing is one of the largest non-agency MBS servicers in the nation — and it’s on the auction block once again.
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Insurance Companies Slow to Sell Off CMBS Holdings

June 6, 2024
Dennis Hollier
Researchers show that U.S. insurance companies monitor the riskiness of the assets backing their CMBS bonds but they didn’t sell off significant portions of the portfolios.
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Amid ‘Quiet Winddowns,’ Hometown Files for Bankruptcy

June 6, 2024
Paul Muolo
Hometown Lenders has filed for bankruptcy citing issues stemming from interest rate trends. Plenty of conventional lenders have folded their tents the past two years, but there hasn’t really been a groundswell in bankruptcy filings.
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Lenders Adapting to Risk of Climate-Related Flood

June 6, 2024
Dennis Hollier
Researchers find evidence that, in areas with significant flood risk, lenders charge higher interest rates and assess lower home values, even if those areas are not included in FEMA flood maps.
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Final Ruling Still Pending in BofA Mortgage Escrow Case

June 6, 2024
Shannon Clark
The Supreme Court’s decision to remand a lawsuit involving preemption back to a lower court leaves the issue unsettled as the high court offered a framework to review preemption rather than bright-line standards.
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CFPB to Establish Registry Tracking Nonbank Compliance

June 6, 2024
Shannon Clark
The new registry includes some exemptions for nonbanks already reporting regulatory and court orders to the NMLS.
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Servicers Planning to Be Proactive With Technology

June 6, 2024
Brandon Ivey
Servicers are working to shift from reaction-based investments in technology to forward-looking measures. That includes the use of artificial intelligence.
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Lenders Defensive as CFPB Issues RFI on Closing Costs

June 6, 2024
Shannon Clark
The request for information touches on various fees associated with mortgage originations. Trade groups representing lenders are concerned that the CFPB will find that fee-disclosure standards are insufficient.
Read More
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