Ginnie Mae MBS Expected to Weather Fed’s Asset Moves March 24, 2022 Monica Hogan The market for Ginnie Mae MBS should begin to normalize soon, according to T. Rowe Price executive Keir Joyce.Read More
Credit Suisse Wins Legacy MBS Lawsuit on Technicality March 24, 2022 Dennis Hollier Failure to submit a timely and specific repurchase demand involving pre-2008 non-agency MBS doomed a U.S. Bank lawsuit.Read More
Agencies Took Larger Share of 1-4 Mortgage Debt in 2021 March 24, 2022 John Bancroft Freddie posted the bigger gain of the two with a hefty 18.5% surge in single-family MBS outstanding...Read More
A Trying Time for Originators as Rates Continue to Rise March 24, 2022 Paul Muolo The California-based American Pacific Mortgage is looking for origination platforms east of the Mississippi, but not necessarily near the coasts...Read More
CFPB Issues Warnings on Lenders Stifling Consumer Critiques March 24, 2022 Rohit Chopra: “In America, no corporation should be able to silence a customer from posting an honest review online.”Read More
Finance of America Selling MSRs March 24, 2022 FoA became public roughly a year ago via a special purpose acquisition company maneuver.Read More
A Trying Time for Originators as Rates Spike North of 4% March 24, 2022 Paul Muolo A year of transition? Tough times require action on the part of mortgage CEOs. Some shops are adding new products and branch networks. Others are pulling the layoff lever.Read More
Altisource Shifts Course with Non-QM, Alternative Lending March 24, 2022 Brandon Ivey Altisource Asset Management is shifting its focus from managing assets to acquiring non-QMs and other alternative mortgage products.Read More
White House Announces Plan to Confront Mortgage Appraisal Bias March 24, 2022 Monica Hogan The five-point action plan includes initiatives to create a more diverse appraiser workforce and raise awareness about consumer rights.Read More
Bipartisan Senate Bill Seeks Details on NFIP Pricing March 24, 2022 Dennis Hollier Senators have raised concerns over the lack of transparency in the FEMA program’s risk-mitigation calculations.Read More