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Ginnie Eyes Expansion of FHA-HFA Risk-Share Program

August 18, 2022
Monica Hogan
Ginnie Mae said it supports HUD’s efforts seeking legislation that would provide a permanent source of capital for housing finance agencies fostering affordable multifamily housing.
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Reporting Timeframe for TBA Trades Could Shrink

August 18, 2022
Dennis Hollier
FINRA and the MSRB plan to cut the reporting time for TRACE-eligible trades from 15 minutes to just one.
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Student Loan Delinquencies, Defaults Increasing

August 18, 2022
Sam Manas
Performance of student loan ABS declined in the second quarter. And a moratorium on payments for federally backed student loans is set to expire at the end of August.
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UBS Wins Appeal Over Employee Termination

August 18, 2022
Brandon Ivey
An appeals court overturned a ruling that ordered UBS to pay more than $2.5 million to a former commercial MBS research analyst. The verdict conflicts with other circuit court decisions and could end up at the Supreme Court.
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Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse

August 18, 2022
John Bancroft
Originations of non-agency home loans saw a modest 3.4% increase from the first three months of the year...
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Sources: Sprout Owner Strauss Puts NYC Penthouse Up For Sale

August 18, 2022
Sam Manas
Zillow, earlier this week, was listing the apartment at $26.5 million...
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MBA: Only 57% of Lenders Were Profitable in 2Q22

August 18, 2022
Paul Muolo
MBA's Marina Walsh: "Pulling out a profit in these difficult conditions is no easy feat.”
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Working in Tandem, Ginnie and FHFA Finalize Eligibility Standards

August 18, 2022
Paul Muolo and Dennis Hollier
Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed.
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Cenlar Beefs Up Its Default Team. As for Why…

August 18, 2022
Paul Muolo
When it comes to default management hires, subservicer Cenlar has been a busy bee, adding a handful of new VPs. Is it expecting an increase in delinquencies or is something else afoot?
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Delinquencies, Foreclosures Exceptionally Low in 2Q22

August 18, 2022
Brandon Ivey
The total delinquency rate stood at 3.44% as of the end of June, among the lowest levels seen since the launch of Inside Mortgage Finance’s Large Servicer Delinquency Index in 2003. (Includes data chart.)
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