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GSEs Support Allowing More Streamlined Refis

December 8, 2022
Dennis Hollier
Fannie and Freddie recommend the CFPB amend the qualified mortgage rule so that more borrowers, particularly those with small-balance loans, are eligible for refinancing.
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New Suits Against Now-Closed Non-QM Lender Keep Sprouting Up

December 8, 2022
Sam Manas
Sprout Mortgage, which closed its doors in July, is facing at least four lawsuits from jilted business partners.
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Analysts Disagree Whether Market Shift Spells Trouble for MIs

December 8, 2022
Dennis Hollier
Private mortgage insurers benefit from recurring revenue from insurance-in-force, which makes declines in originations less problematic.
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Agency Representatives Review Appraisal, Redlining Developments

December 8, 2022
Sam Manas
Appraisal reform and redlining were major focus areas at an annual event that highlights federal accomplishments in fair lending. The Fed, meanwhile, will release new redlining risk assessment materials, perhaps by the weekend.
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The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender

December 7, 2022
Paul Muolo
The seller is Reza Jahangiri, who founded the company in 2004.
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CFPB Won’t Penalize New HMDA Reporters for Not Filing Certain Data

December 7, 2022
Sam Manas
 The NCRC sued the CFPB arguing the new threshold was arbitrary and capricious.
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Fannie, Freddie Deliveries Continue to Slide in November

December 6, 2022
Dennis Hollier
In the fourth quarter of 2020, the GSE market share peaked at 64.0%.
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Nonbanks Raised $4B of Capital in 2022. As for Next Year…

December 6, 2022
Paul Muolo
BTIG believes the "near-term opportunity" favors more of a valuation recovery story for the mortgage stocks it covers...
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Slow Growth for Most Subservicers. A Shakeup Ahead?

December 6, 2022
Paul Muolo
Three of the nation’s top 15 subservicing vendors are in the process of being sold or merged...
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Mortgage Servicers Focus on Enriching Customer Relationships

December 6, 2022
John Bancroft
Annaly's Ken Adler noted that the mortgage business is in largely unchartered territory...
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