FHFA Tweaks GSEs’ Goals for Multifamily in 2023-24 August 18, 2022 Dennis Hollier The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number.Read More
CSBS Promotes Cybersecurity Tools for Nonbanks August 18, 2022 Monica Hogan The Conference of State Bank Supervisors unveiled two new tools to help state examiners assess nonbanks’ resilience against cyberattacks.Read More
Sources: Sprout CEO Selling Manhattan Penthouse August 18, 2022 Sam Manas It appears that Michael Strauss, CEO of now-shuttered Sprout Mortgage, is looking to sell his Manhattan penthouse on Park Avenue for $26.5 million.Read More
Equifax Credit Score Snafu May Have Had Wider Impact August 18, 2022 Dennis Hollier A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments.Read More
Grapevine: A Reduced Mortgage Presence for Wells? August 18, 2022 Paul Muolo The market continues to chatter about Wells Fargo’s future in mortgages. Meanwhile, time to cash out of home finance?Read More
Ginnie and FHFA Release Mostly Simpatico Eligibility Requirements for Servicer/Issuers August 17, 2022 Paul Muolo and Dennis Hollier There are no stunning changes on the required capital minimums...Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
On the Comeback Trail: Assumable Mortgages? August 17, 2022 Monica Hogan HUD: “In the current rate environment, the assumability feature of FHA-insured mortgages is receiving greater attention.”Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
The Decline in GSE MBS Issuance Slows in July August 16, 2022 Dennis Hollier The top three GSE MBS issuers in July: Rocket Mortgage, UWM and PennyMac Financial, all nonbanks...Read More