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Aurora Remains Confident in Better.com. However…

December 28, 2021
Paul Muolo
In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...
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The Fed: Borrowers Benefit From An Increase in Nonbank Share

December 28, 2021
Dennis Hollier
Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...
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GSE Seller Repurchases Ratchet Higher in Third Quarter

December 28, 2021
John Bancroft
As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.
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Industry Endorses Biden’s Nominee to Head FHFA

December 23, 2021
Dennis Hollier
Mike Calhoun, CEO of the Center for Responsible Lending, was once thought to be Biden’s choice to run FHFA. Last week, he added his voice to the chorus of endorsements for Sandra Thompson’s nomination.
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Some Tweaks as FHFA Sets Housing Goals for GSEs

December 23, 2021
Dennis Hollier
The new goals don’t deviate dramatically from what the agency proposed in August, but the mulitfamily goals will only apply to 2022 instead of the usual three-year time span.
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December Updates for GSE Seller/Servicers

December 23, 2021
Dennis Hollier
GSEs issue lender letters/bulletins tweaking their guidelines for lenders and servicers.
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FHFA Once Again Calls Attention to Appraisal Bias

December 23, 2021
Dennis Hollier
Appraisers frequently use free-form text fields in their valuation reports to describe neighborhoods in ways that appear to violate fair lending regulations.
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OIG: FHFA Not Producing Enough Commissioned Examiners

December 23, 2021
Dennis Hollier
Only 16 examiners have completed the agency’s examiner commissioning program since it was founded in 2013.
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FHFA Wants the GSEs to Submit Annual Capital Plans

December 23, 2021
Dennis Hollier
Under a proposed rule, Fannie and Freddie will have to describe their sources of capital over a five-year planning horizon.
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Fannie Releases First SASB Report on ESG Activities

December 23, 2021
Dennis Hollier
SASB creates industry-specific standards that provide investors comparable data on companies’ ESG-related activities.
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