FINRA will implement margin requirements for trading of wide swaths of GSE MBS, including TBA transactions, specified pools transactions and collateralized mortgage obligations.
The Underserved Mortgage Markets Coalition has put together a list of actions the GSEs can take to meet their obligations under FHFA’s duty-to-serve program.
As a technical matter, Better.com’s SPAC maneuver is still alive. But with the refinance business waning and gain on sales slipping, the company’s future looks cloudy, at best.
The final rule simplifies regulations on insurance coverage for deposits held in mortgage servicing accounts. But the changes don’t go into effect until April 1, 2024.
Potential first-time homebuyers are facing affordability issues due to elevated home price appreciation. And though home price appreciation is slowing, interest rates are set to rise.