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Around the Industry

September 24, 2021
Monica Hogan
Ginnie extends certain COVID-related exemptions; VA introduces new API; FHA upgrades its tech platform; FHA to host session for nonprofits that want to bid on distressed properties; FHA announces lender recertification training session; and NAR says student debt dampening homebuying among millennials.
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In Wake of Messy Lawsuit, loanDepot’s Shares Drift Lower

September 24, 2021
Paul Muolo
The plaintiff is former COO Tamara Richards, who was making at least $800,000 a year at loanDepot. She has a blue chip resume that includes stints at Bank of America (10 years), Caliber Home Loans and other shops.
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CRT Market Responds to Proposed Changes to Capital Rule

September 23, 2021
Dennis Hollier
Fannie Mae will resume credit-risk transfer program after FHFA proposed capital relief for the transactions. Investors look forward to new opportunities.
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A Lull in MBS Trading as Markets Tread Water

September 23, 2021
Paul Muolo
MBS trading volumes fell in August, marking the lowest reading of the year. A summer respite or something else?
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Will GSEs Shift to Term SOFR as a Benchmark?

September 23, 2021
Dennis Hollier
Will the new, forward-looking, credit-sensitive version of the Secured Overnight Financing Rate serve as the index rate for credit-risk transfer and MBS transactions?
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Cyber Risk Could Limit Structured Finance Ratings, S&P Warns

September 23, 2021
Monica Hogan
Securitization issuers should carefully monitor and mitigate potential cyberattacks as a way to help preserve the credit quality of a structured finance transaction, S&P said in a recent report.
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As 3Q21 Draws to a Close, MSR Deals Proliferate

September 23, 2021
Paul Muolo
Two key factors in MSR deals increasing: rates firming up a bit and the calendar. Yearend isn’t all that far away.
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Servicers Expect End of COVID Forbearance to be Manageable

September 23, 2021
Brandon Ivey
Many of the borrowers facing the end of their forbearance plans are struggling financially. Servicers say they’re ready to help, and for those who can’t resume payments there’s home price appreciation to bank on.
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Waters Pushes for Thompson as Permanent FHFA Leader

September 23, 2021
Dennis Hollier
Progressives call on Biden to pick Sandra Thompson, the first African American and the first woman to head the agency, for the top position. Not incidentally, she may also be the most qualified for the job.
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Industry Wants More Details on Employee Vaccination Mandates

September 23, 2021
Monica Hogan
The Department of Labor is developing a temporary standard that will require employers with 100 or more employees to ensure all workers are vaccinated against COVID or show a negative test at least once a week.
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