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Grapevine: Bank Volume Down in 2Q; Better’s Losses Mount

July 15, 2022
Brandon Ivey
Mortgage originations down at big banks in second quarter; Better does worse in first quarter; loanDepot downsizing; foreclosure activity ramping up; MISMO remains busy.
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FHFA Hears Advice on DTS and LIHTC Investment

July 15, 2022
Dennis Hollier
At the first of three planned listening sessions, FHFA heard that for-profit investors increasingly use litigation to pressure nonprofit affordable housing developers to sell LIHTC-funded properties at minimal prices.
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New Paper Calls FHLBs a Threat to Financial Stability

July 15, 2022
Dennis Hollier
A new research paper co-authored by officials at the Federal Reserve argues that the public/private nature of the FHLBs has allowed them to engage in activities not expressly foreseen by Congress.
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NPL Sales by GSEs Ramping Up Following Slowdown

July 15, 2022
Dennis Hollier
The number of loans in Fannie and Freddie portfolios that are less than two years delinquent nearly tripled in 2021, courtesy of COVID.
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Fannie Updates Policy on Confidentiality Programs

July 15, 2022
Dennis Hollier
Thirty-nine states have programs that provide victims of domestic violence or sexual abuse with substitute mailing addresses to help hide their physical location.
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GSEs Reiterate: All Loan Applications Require SCIFs

July 15, 2022
Dennis Hollier
Fannie and Freddie have published translations of the supplemental consumer information forms into five languages.
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Former Fannie Official Pops Up at BlackFin

July 15, 2022
Dennis Hollier
The real estate investment management firm has tapped the former Fannie official in charge of developing Desktop Underwriter to handle technology practice.
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Non-Agency MBS Issuance Down 22% in 2Q22

July 15, 2022
John Bancroft
The top three non-agency issuers for the first six months of 2022: JPMorgan, Goldman Sachs and Onslow Bay...
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2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up

July 15, 2022
The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.
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Amid the Industry Turmoil, an M&A Deal Gets Done

July 15, 2022
Paul Muolo
In 2021, Sunstreet originated roughly $800 million in residential mortgages...
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