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Ocwen Says Company Not in Compliance with GNMA RBC, May Exit the Space

September 12, 2022
Paul Muolo
Ocwen is contemplating its options, including leaving the Ginnie Mae arena...
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Depositories Experience a Sharp Decline in Mortgage Banking Income

September 12, 2022
Brandon Ivey
Income trends on mortgages varied widely at individual banks.
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Downfall in Agency Loan Sales Continues in Second Quarter

September 9, 2022
Andras Malatinszky
Loan sales to Fannie Mae, Freddie Mac and Ginnie Mae plummeted further in the second quarter as desperate lenders tried to boost volume by easing credit quality standards. (Includes one data chart.)
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An Ugly Summer for Mortgage Jobs as Rates Rise

September 9, 2022
Paul Muolo
Although the nation’s job numbers look exceeding bright, all is not well with the mortgage industry where the job shedding machine is working overtime.
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Congress May Have a Say in FHLB Reforms

September 9, 2022
Dennis Hollier
FHFA is expected to produce a long list of recommended actions to modernize the FHLBank system, but large-scale reform will probably require legislation.
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Big Names Due to Testify in Fairholme v. FHFA Trial

September 9, 2022
Dennis Hollier
Unsealed documents in the pre-trial filings for Fairholme v. FHFA reveal the names of prominent witnesses expected to testify in the October jury trial.
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OIG Says FHFA Web Security Doesn’t Meet DHS Standards

September 9, 2022
Dennis Hollier
Some of the agency’s websites and web services do not use proper security protocols, leaving them vulnerable to cyberattacks.
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Lenders Ponder Options for MSRs Amid High Values

September 9, 2022
Dennis Hollier
MCT and Freddie Mac experts discussed the strategies of managing MSR assets. While some firms are interested in the best financial deal they can get, others are focused on retaining clients.
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Freddie Reports String of CRT Issuance Records

September 9, 2022
Dennis Hollier
A big first half of CRT activity brings Freddie’s total issuance to date to nearly $100 billion covering single-family mortgages with an original balance of more than $3.5 trillion.
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Changes Contemplated for Chattel Loans and GSEs

September 9, 2022
Dennis Hollier
Urban Institute researchers said the reliance on personal loans to finance manufactured housing adds to inequity in affordable housing.
Read More
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