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GSEs Delay Fee Disclosure Requirements on UCD

September 15, 2023
Dennis Hollier
High failure rates for lenders trying to implement new edits to certain fee disclosure requirements in Phase 3B of the Uniform Closing Database persuaded Fannie and Freddie to postpone those changes.
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GSEs Update Policies on Originations, Servicing

September 15, 2023
Brandon Ivey
Fannie and Freddie adjusted various origination policies. Fannie also has changes for master servicers in the works.
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Freddie Still Buying Back Old STACRs

September 15, 2023
Dennis Hollier
Despite offering higher premiums, Freddie is finding it difficult to convince investors to give up their credit-risk transfer notes.
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Climate Risk Stressing Insurers, Servicers

September 15, 2023
Sam Manas
As severe weather events batter major housing markets, borrowers are finding it difficult and expensive to obtain homeowners insurance, according to panelists at a Mortgage Bankers Association conference.
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Mortgage Industry Comes with Unique Cyber Risks

September 15, 2023
Sam Manas
Michael Nouguier, chief information security officer at Richey May, said the public-facing nature of loan officers’ work can expose them to targeted attacks.
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Lenders Focusing on High-Dollar Loans Fare Better, MBA Finds

September 15, 2023
Monica Hogan
A new white paper from the Mortgage Bankers Association underscores the financial advantages of originators and servicers that focus on loans with a higher average loan balance.
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Mixed Views on FASB Accounting Proposal

September 15, 2023
James Dohnert
A FASB accounting standards proposal would streamline the methods used to calculate the value of acquired assets.
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MOVEIt Ransomware Attack Hits Mortgage Industry

September 15, 2023
James Dohnert
The MOVEIt ransomware attack has impacted as many as 1,172 companies, including mortgage lenders and servicers.
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Margin Requirements for Agency MBS Set for May Start

September 14, 2023
Brandon Ivey
FINRA plans to implement margin requirements for agency MBS transactions in May. The requirements, which have been delayed for years, will apply to broker-dealers.
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Long Lead Time Eases Ginnie Issuer Eligibility Concerns

September 14, 2023
Monica Hogan
Ginnie Mae eligibility requirements issued a year ago are largely set to take effect at the end of the month. Most issuers are in compliance with the standards, according to the agency.
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