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McCargo Sworn in as Ginnie President

December 23, 2021
Monica Hogan
Alanna McCargo’s appointment marks a new era for the agency, which had been without permanent leadership since 2017.
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Court Says CFPB Lawsuit Involving Student Loan ABS Can Proceed

December 23, 2021
Sam Manas
The defendants said the case was not timely and the bureau’s allegations didn’t apply to them because of statutory wording. The judge, using dictionary definitions and SCOTUS precedent, rejected those claims.
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One Last Look at 2020 and the Fed’s Market Intervention

December 23, 2021
Dennis Hollier
It took seven or eight months for primary mortgage rates to reflect the Fed’s massive intervention in the secondary market.
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Time to Shine for Purchase-Money Lenders?

December 23, 2021
Paul Muolo
What will separate the men from the boys and the women from the girls in 2022? Purchase-lending and non-QMs. At least that’s what some executives we spoke to believe.
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FHFA Proposes Annual Capital Planning for GSEs

December 23, 2021
Dennis Hollier
The proposed capital planning rule could set the stage for post-conservatorship regulation of the GSEs, but it still relies on capital requirements that the enterprises may not meet for at least a decade.
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Credit Unions Receive Approval to Acquire MSRs from Other CUs

December 23, 2021
Brandon Ivey
Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.
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Rocket Puts Down Its Marker in the Personal Finance Space

December 23, 2021
Monica Hogan and Sam Manas
In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.
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Can Sig Anderman Complete a Mortgage Tech SPAC?

December 23, 2021
Paul Muolo
One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.
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Blue Skies Ahead for Multifamily Lending

December 23, 2021
Sam Manas
In 2022, the industry could wind up funding $421 billion of multifamily mortgages. Also, rents are likely to increase as concessions decrease.
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Credit Unions Get the Right to Buy MSRs. However...

December 23, 2021
Brandon Ivey
The regulatory development sounds interesting, but there are a few strings attached...
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