The share of homebuyers using all cash to purchase homes rather than a mortgage is increasing. Some affluent homebuyers are avoiding purchase mortgages due to high interest rates.
The New York Department of Financial Services proposed guidance for nonbanks and state-regulated banks outlining standards for managing material climate-related financial risks. Organizations’ efforts should be proportionate to their exposure and shouldn’t interfere with fair lending obligations.
Despite extensive efforts to combat the use of biased valuations, FHFA does not refer appraisers to state licensing boards for investigations or reprimand.
The rule requires the enterprises to submit a written notice of any new activity for FHFA to review. However, they can consult with the agency in advance to determine if such a notice is required.
Attorneys for a group of Fannie Mae and Freddie Mac shareholders seeking to overturn the net worth sweep will take another swing at the Fifth Circuit Court of Appeals.
A tough beginning to 2023 for non-QM lenders and securitizers? It looks that way, but the irony is that money managers, insurance companies and others continue to have a strong appetite for yield.