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Ginnie Moves Closer to the Cloud

September 29, 2022
Monica Hogan
The government agency is preparing for its first planned business outage as it moves its entire platform to the cloud.
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Rating Services to Revise Criteria for CMBS, SFR Securitizations

September 29, 2022
Sam Manas
DBRS released proposed updates to its North American CMBS Insight Model and multi-borrower rating methodology, and Moody’s proposed revisions to its SFR securitization loan-level legal analysis framework and added transparency on analysis of transaction-level legal risks.
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A Ray of Positive News: Home-Equity Originations Soar

September 29, 2022
Andras Malatinszky
Most junior-lien outstandings are parked on the balance sheets of federally insured depositories...
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Angel Oak REIT Appoints New CEO, Williams Departs

September 29, 2022
Paul Muolo
Morgan Stanley controls a large chunk of Angel Oak's shares...
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Appraisers Slam Fannie’s Complaints to Regulators

September 29, 2022
Dennis Hollier
Danielle Marie Evans, a Tampa-based appraiser, said her dispute with the GSE and then Florida consumed more than a year of her time.
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At a Steep Discount: Mortgage Underwriter Salaries

September 29, 2022
Paul Muolo
Among the corrections currently sweeping the industry is the salary demands of loan underwriters. Executives say some can be had for half of what they earned during the boom.
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COVID Crisis Hammered MBA’s Bottom Line in FY21

September 29, 2022
Paul Muolo
The Mortgage Bankers Association barely turned a “profit” last year even though originators had a banner year. If you’re guessing the reason for the performance is COVID, move to the head of the class.
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Big Bank Leaders Face Capitol Hill Scrutiny on Home Lending

September 29, 2022
Brandon Ivey
Hearings in Congress with the CEOs of seven megabanks stretched for more than nine hours across two days. The executives touted mortgage programs for minorities and listed their regulatory concerns.
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Appraisers: Fannie Complaints to State Regulators Unwarranted

September 29, 2022
Dennis Hollier
Appraisal professionals accused the GSE of using unsigned, boilerplate complaints when referring appraisers to state boards for disciplinary action.
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White House Seeks Input on Housing Crisis

September 29, 2022
Dennis Hollier
The private pow-wow revealed broad agreement between government, industry and advocacy groups on how to deal with the nation’s affordable housing shortage.
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