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Mortgage Assumptions Require Unique Compliance Steps

December 19, 2022
Sam Manas
State and federal regulations on assumable mortgages differ in some respects from those for new originations. And agency and investor guidelines have to be factored in too.
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Crypto Firm Exiting U.S. After CFPB Denies CID Petition

December 19, 2022
Sam Manas
After the CFPB refused to exclude an interest-bearing crypto product from its investigation of Nexo Financial, the firm announced plans to leave the U.S.
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Other News in Brief

December 19, 2022
Sam Manas
CFPB will update APOR calculation; MoneyGram enforcement stayed; servicemember interest rate reduction underused; poll shows strong support for CFPB among likely voters.
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GSE Seller-Servicers See Mortgage Buybacks Spike YOY

December 19, 2022
John Bancroft
The worst of all time (WOAT) was 2007, from which sellers repurchased 7.40% of GSE issuance.
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Consumers Still Tend to Shy Away From Mortgage Shopping

December 19, 2022
Namrata Bhatia
Education levels led to some differences in consumer behaviors...
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GSEs Offer Guidance on Florida Property Insurance Debacle

December 16, 2022
Dennis Hollier
The state of Florida is setting up a reinsurance fund to stabilize a property insurance system plagued with disaster-related insolvencies and years of underwriting losses.
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FHFA Publishes 2023-2024 MF Housing Goals for GSEs

December 16, 2022
Dennis Hollier
The new benchmarks for Fannie Mae and Freddie Mac reflect higher interest rates and the anticipated decline in the number of affordable units in the multifamily market.
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Freddie Expands Definition of 'Related Person'

December 16, 2022
Dennis Hollier
The expanded definition will broaden the pool of parties that can provide funds or equity as part of a Freddie-backed mortgage transaction.
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Fannie Mae Puts Another $3.83 Billion in Old CAS Notes to Bed

December 16, 2022
Dennis Hollier
Investors tendered only 73% of the CAS notes Fannie was willing to buy back.
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A Real Head Scratcher: A Figure-Bank-Warehouse SPAC? 

December 16, 2022
Paul Muolo
The combined entity would be public, allowing FAC’s investors to cash out.
Read More
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