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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.
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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.
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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.
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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.
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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?
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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...
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More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals

August 17, 2022
Paul Muolo
The trade group describes home-purchase demand as "rapidly drying."
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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.”
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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...
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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...
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