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Grapevine: UBS Ending Mortgage Trading Operation; Ginnie Disclosures

June 1, 2023
Brandon Ivey
UBS exiting TBA trading business; Ginnie to increase servicing disclosures; Ellington to acquire Arlington.
Read More

Outstanding FHLBank Advances Pass $1 Trillion Mark

June 1, 2023
Brandon Ivey
The trillion-dollar threshold has only been reached once before.
Read More

FHA Proposes New Loss-Mitigation Tool

June 1, 2023
Monica Hogan
Borrowers could use interest-free partial claim funds to repay shortfalls on an FHA mortgage to bring it current and then receive a reduced monthly payment for three to five years.
Read More

NMLS Reporting Proposal Gets Lukewarm Industry Response

June 1, 2023
Sam Manas
Mortgage trade groups asked the Conference of State Bank Supervisors to alter some elements of proposed reporting requirements.
Read More

Lenders Concerned by FHFA Credit Score Proposal

June 1, 2023
Brandon Ivey
Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.
Read More

Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group

June 1, 2023
Sam Manas and Paul Muolo
State Farm has a 20% share of the homeowners market in the Golden State...
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MSR Market Still Running Strong

June 1, 2023
Dennis Hollier
Some experts expect MSR trading to top $1 trillion in each of the next three years, surpassing the approximately $900 billion traded in 2022.
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Lenders Struggle to Stay Afloat Amid Volatility

June 1, 2023
Dennis Hollier
With production expenses rising to more than $13,000 per loan, and four straight quarters of negative net income, mortgage lenders struggle to find ways to stay in business.
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CHLA Asks CFPB for Dual Compensation Restrictions

June 1, 2023
Sam Manas
The trade group wants the CFPB to establish uniform disclosure requirements for transactions involving dual compensation.
Read More

Federal Regulators Scrutinize Appraisal Methodologies

June 1, 2023
Sam Manas
The Appraisal Subcommittee’s second open meeting focused on how appraisal methods might introduce biases to the valuation process.
Read More
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