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The Relationship Between ESG Scores and Credit Ratings

January 19, 2023
Sam Manas
Governance and social risks are the main ESG factors that affect credit ratings of MBS and ABS, while environmental relevance remains low, according to Fitch Ratings.
Read More

Deal Chatter Mounts on MSRs. Wells Fargo Front and Center

January 19, 2023
Paul Muolo and Brandon Ivey
Wells Fargo is no longer in love with the mortgage business. We all know that, but is the bank contemplating large-scale sales of its massive MSR portfolio? Not likely.
Read More

CFPB Floats Rule for Registry of Nonbank Form Contracts

January 19, 2023
Sam Manas
The Consumer Financial Protection Bureau wants nonbanks to submit information about terms and conditions they use in form contracts that might restrict consumer rights and protections.
Read More

As Anticipated, Tough Mortgage Sledding for the Megabanks in 4Q

January 19, 2023
Paul Muolo
Earnings season has arrived for the largest publicly traded depositories. Included in the results: home lending, where a brutal correction continues and depositories are rethinking their roles.
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Freddie DTS Credit Fee Caps Don’t Apply to Cash-Out Refis

January 19, 2023
Dennis Hollier
In a reissued bulletin, the mortgage giant said it will allow some duty-to-serve cash-out refinances to receive 0% credit fee caps because of the confusion caused by an earlier notice.
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Beleaguered CrossCountry Accused of Racketeering

January 19, 2023
Dennis Hollier
Plaintiffs hope that a pattern of illegal contract interference and the theft of trade secrets will justify RICO charges — and treble damages — against the Ohio lender.
Read More

Lenders Request More Seasoning Flexibility for IRRRLs

January 13, 2023
Sam Manas
Proposed updates to rules governing VA interest rate reduction refinance loans drew asks from VA lenders and trade groups around loosening eligibility requirements for borrowers to maintain access to the product. (Includes data chart.)
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A Head Scratcher: HUD OIG Drops a Dime, DOJ Says No

January 13, 2023
Paul Muolo
A Ginnie SVP allegedly leaked information regarding an agency issuer to a private-sector firm, breaking the rules. A referral was made to the DOJ, but nothing ever came of it. Details? There aren’t many.
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Spending Bill Boosts Housing-Related Funding for 2023

January 13, 2023
Dennis Hollier
A last-minute budget deal resulted in funding increases for many HUD housing-related programs.
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FHA Issues Draft Policy on Appraisal Reviews Requests

January 13, 2023
Namrata Bhatia
The proposal outlines the process and documentation requirements related to a borrower’s request for a review of their appraisal results.
Read More
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