Ginnie Mae Wants to Help Nonbanks Cope With High Interest Rates August 11, 2023 Monica Hogan Ginnie President says nonbank liquidity problems due to high interest rates are "the biggest challenge of our time."Read More
Select Portfolio Servicing Placed Into a ‘Bad Bank’? August 11, 2023 Paul Muolo Has UBS given up on owning a servicer?Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
ICE-Black Knight Merger Back on Track August 11, 2023 Sam Manas Deal with FTC could set the stage for ICE and Black Knight to consummate their beleaguered merger.Read More
Select Portfolio Servicing Placed Into a ‘Bad Bank’? August 10, 2023 Paul Muolo SPS, inherited by UBS when it purchased Credit Suisse in June, has been placed into a “bad bank,” sources indicate.Read More
Ginnie Working to Help Nonbanks, Smaller Lenders August 10, 2023 Monica Hogan Ginnie Mae President Alanna McCargo detailed an effort to establish a credit facility for nonbanks and plans to expand the pool of contributors to Ginnie MBS.Read More
SEC Informs DBRS of Recordkeeping Violations August 10, 2023 Sam Manas DBRS said it’s in talks with the SEC to resolve a potential enforcement action related to its compliance with recordkeeping requirements.Read More
CMBS Delinquencies Reach Highest Levels Since 2021 August 10, 2023 James Dohnert CMBS delinquencies are on the rise but some industry participants believe fears of mass foreclosures in the sector are overblown.Read More
China’s MBS-Like Product Pitched for U.S. August 10, 2023 Dennis Hollier Can a financial innovation in the Chinese capital market serve as a hedge for MBS?Read More
Margins Improve in Second Quarter, Looking for More August 10, 2023 Brandon Ivey With employee counts shrinking and Wells Fargo exiting the correspondent channel, lenders reported an increase in margins in the second quarter.Read More