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Brokers, Lenders Question FHA Revisions on Dual Employment

December 22, 2022
Monica Hogan
The FHA has clarified when individuals can perform multiple roles in a single FHA-insured transaction. Some believe it’s a market-altering move.
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Casual Dining Sector-Backed ABS Vulnerable to Downturn

December 22, 2022
Namrata Bhatia
As purse strings tighten, the quick-service restaurant space is expected to do well given the value and convenience it offers customers. But the same cannot be said for the casual-dining sector, S&P analysts say.
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Tough Road Ahead for CMBS Loans Maturing in 2023, 2024

December 22, 2022
Sam Manas
DBRS Morningstar said inflation and high interest rates will make it hard for borrowers to pay off CMBS loans that mature in the next two years.
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CFPB, Wells Reach Record Settlement: $3.7B

December 22, 2022
Sam Manas
The consent order covers unfair and deceptive acts and practices in mortgage servicing, auto loan servicing and maintenance of deposit accounts.
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CHLA Asks Fed to Leave Nonbank Lenders Alone

December 22, 2022
Dennis Hollier
Trade groups say small and mid-sized independent mortgage bankers don’t need more federal supervision because they pose no systemic risk.
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Fed Finalizes LIBOR Act Regulation

December 22, 2022
Dennis Hollier
Final regulations implementing the Adjustable Interest Rate Act will go into effect next month, setting the stage for a smooth transition for the end of the London Inter-bank Offer Rate.
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Dv01 Releases White Paper on Non-QM Prepayment Model

December 22, 2022
Namrata Bhatia
The model will help stakeholders predict prepayments on both their current portfolios and future purchases for both mortgage-backed securities and whole loans.
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News Briefs

December 22, 2022
Namrata Bhatia
The NYDFS announces new benchmark to determine subprime threshold; fix-and-flip activity on the downtrend.
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Go Figure, a Mortgage-Related SPAC Hits the Wall

December 21, 2022
Paul Muolo
FAC is headed by financial services fintech pioneer Mike Cagney...
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Republicans Challenge Chopra Over CFPB's 'Lack of Transparency'

December 19, 2022
Sam Manas
CFPB Director Rohit Chopra’s semi-annual reports to Congress last week offered only a few snippets of policy news but featured much verbal sparring with Republicans.
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