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Industry Says Draft Rule on LIBOR Legislation Needs Tweaking

September 8, 2022
Dennis Hollier
Trade groups widely supported the new law, but at least one association says the proposed implementing regulation still needs work.
Read More

Ginnie Working to Improve Social Impact, Disclosures

September 8, 2022
Monica Hogan
Investors have been asking for more data on the social aspects of loans in Ginnie Mae pools, said agency President Alanna McCargo.
Read More

Berkadia’s Bankers Bullish on Multifamily Market

September 8, 2022
Sam Manas
Some 80% of internal professionals polled by Berkadia expect multifamily rental demand to continue to outpace supply for the rest of 2022.
Read More

Grapevine: Securitization a Factor in FHLB Review; Ambac Lawsuit

September 8, 2022
Brandon Ivey
MBA urges FHFA to consider securitization when reviewing the Federal Home Loan Bank system; Ambac’s MBS lawsuit against Countrywide goes to trial 12 years later; MISMO seeks comments on template for BWIC activity.
Read More

Paychecks of Top Mortgage Executives Tumble in 2021

September 8, 2022
Paul Muolo
The top 22 executives at the nation’s publicly traded nonbanks earned a stunning $268 million in 2020, only to see that number get hammered last year, according to an analysis by IMF.
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The Mortgage Correction: What Inning Are We In?

September 8, 2022
Paul Muolo
Mortgage lenders are trying to cut costs as quickly as possible as originations evaporate. Only so many companies can survive a much smaller market, turning the business into a game of musical chairs.
Read More

FHFA’s Decision to Review FHLBs Gives Nonbanks Hope

September 8, 2022
Dennis Hollier
The Federal Housing Finance Agency’s analysis of the Federal Home Loan Bank system includes a review of eligibility requirements for membership.
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Big Banks Shifted Toward Jumbos Following Stress Tests

September 8, 2022
Brandon Ivey
Big banks boosted their appetite for jumbo mortgages in the past decade thanks to regulatory changes following the 2008 financial crisis, according to a new finding from the Federal Reserve Bank of New York.
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Quality Control Calibrations to Start at Fannie Next Month

September 8, 2022
Dennis Hollier
The mortgage giant will assess lender quality control by comparing the defect rates reported by lenders with its own data on the same loans.
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BofA Launches Location-Based Special Purpose Credit Program

September 8, 2022
Monica Hogan
A handful of mortgage lenders in recent months have rolled out special purpose credit programs targeting Black and Hispanic communities in specific locations.
Read More
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