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Home Point Cancels Credit Suisse Repo Line

October 12, 2022
Paul Muolo
Home Point said the lender and CS "mutually agreed to terminate" the master repurchase agreement...
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Private MI Loses Market Share to FHA/VA in 3Q22

October 12, 2022
Brandon Ivey
Issuance of MBS with FHA purchase mortgages increased 8.1% from the second quarter...
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Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO

October 12, 2022
Paul Muolo
Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...
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Late Court Rulings Set Stage for Fairholme-FHFA Trial

October 11, 2022
Dennis Hollier
The case is headed to trial soon...
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Market Chatter: Might loanDepot be a Takeover Target?

October 11, 2022
Paul Muolo
Where does loanDepot go from here?
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GSE MSR Portfolio Just Shy of $1B Hits the Market

October 11, 2022
Paul Muolo
The portfolio has a delinquency rate of 0.93%...
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Short Takes: Still on the Market: Mortgage CEO’s $26.5M Condo / A Slight Uptick in Refis / Seed Money for Investor-Lender / Invitation’s Hurricane Damage? / Escrow Interest Case

October 11, 2022
Paul Muolo and Sam Manas
VC money is still available for some lenders...
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Court Partially Overturns HMDA Reporting Rule

October 10, 2022
Sam Manas
A judge held that the CFPB’s 2020 Home Mortgage Disclosure Act rule that introduced a higher loan-volume reporting threshold was in part arbitrary and capricious.
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U.S. Chamber Sues CFPB for Treating Discrimination as UDAAP

October 10, 2022
Sam Manas
The lawsuit claims the CFPB overstepped its authority when revising its supervisory exam manual to consider discrimination an unfair, deceptive or abusive act or practice.
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Appeals Court Reverses Ruling in Interest-on-Escrow Case

October 10, 2022
Sam Manas
The Second Circuit ruled that a New York law requiring banks to pay interest on mortgage escrow accounts was pre-empted by the National Bank Act.
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