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Analysts Debate Usefulness of Payday Loan Regulation

February 14, 2022
Sam Manas
According to one study, payday loans respond to supply and demand and don’t generally march upward to state maximums. However, Georgetown law professor Adam Levitin said the study coded state loan maximums incorrectly, invalidating the findings.
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Other News in Brief

February 14, 2022
Sam Manas
Bank overdraft and NSF fee practices in easy-to-read, comparative table; Fourth Circuit overturns ruling on convenience fees; CFPB publishes HMDA data entry helper; five federal agencies launch campaign to tackle dating scams.
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Wholesale Channel Takes It On the Chin in 4Q21

February 14, 2022
Andras Malatinszky
The retail channel improved its market share by 1.3 percentage points to 58.0%...
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Another Streamlining Move for Home Point: Nonbank Will Outsource Servicing Function

February 14, 2022
Paul Muolo
The third-party vendor, ServiceMac, ranks ninth among all subservicers, according to figures compiled by Inside Mortgage Finance.
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New Capital Requirements Expected for Nonbank Servicers

February 14, 2022
Dennis Hollier
Others, however, believe the regulator won't act until the Senate confirms a permanent director for the agency.
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Freddie Mac Posts Bumper $12.11 Billion Profit in 2021

February 11, 2022
Dennis Hollier
Although 2021 was a monster year for the mortgage giant, the fourth quarter looked more like a return to normal.
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GSEs Update COVID-Related Policies

February 11, 2022
Dennis Hollier
Almost all the temporary seller flexibilities FHFA put in place because of the pandemic have either been retired or incorporated into the normal selling guides.
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Experts Ponder MBS Market as Fed Begins Its Exit

February 11, 2022
Dennis Hollier
Who will take up the slack when the Fed is no longer the dominant buyer in the MBS market?
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FHFA Seeks Input on New Strategic Plan

February 11, 2022
Dennis Hollier
The Federal Housing Finance Agency’s proposed 2022-2026 strategic plan focuses on preparing for climate change.
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Fannie Settles Fair Housing REO Lawsuit for $53 Million

February 11, 2022
Dennis Hollier
The lawsuit brought by fair housing organizations focused on Fannie Mae’s maintenance and marketing of its real estate-owned properties, that is, homes acquired through foreclosure.
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