Tropical Smoothie Café Offers Whole-Business ABS August 22, 2024 Monica Hogan The smoothie maker has some differing characteristics compared with other fast-food operators with whole-business ABS.Read More
Delinquencies on Farm Equipment ABS Rising, More Expected August 22, 2024 Shannon Clark Used equipment inventories are on the rise, adding to other agriculture equipment ABS risks posed by high interest rates and lower equipment demand, according to Moody’s Investors Service.Read More
Harris’ Housing Agenda Includes Proposal for DPA August 22, 2024 Monica Hogan Though supportive of DPA programs to boost housing affordability, some industry participants raised concerns about the agenda working.Read More
Mortgage Executives Call for Adaptability in Face of Uncertainty August 22, 2024 James Dohnert Flexibility will be key for the industry moving into the November election and beyond, according to speakers at an MBA conference.Read More
Lack of M&A Activity Surprising for Some August 22, 2024 James Dohnert Some mortgage executives might be too optimistic about the prospects for originations growth following an interest rate cut later this year.Read More
Appeals Court Rules TILA’s Offset Provision Covers HELOCs August 22, 2024 Shannon Clark The Fourth Circuit has ruled that the Truth in Lending Act’s offset provision covers home equity lines of credit accessed via a credit card.Read More
CMG’s George on Bank Buy: A Glutton for Punishment? August 22, 2024 Paul Muolo So, you’re a nonbank and you want to purchase a federally insured depository? Have your CEO do it. And be patient.Read More
California Tweaks Foreclosure Laws August 22, 2024 Dennis Hollier Lawmakers protect borrowers from “surplus funds chasers.”Read More
FHA Considering Extending Deadline to Apply for 203(h) Loans August 16, 2024 Monica Hogan Under current rules, borrowers must apply for a 203(h) mortgage within one year of the President’s declaration of the disaster.Read More
VA Circular Clarifies Loss-Mitigation Guidance Confusion August 16, 2024 Monica Hogan VA wants servicers to immediately stop offering previously outlined loss-mitigation options from Chapter 5 of its servicers’ handbook.Read More