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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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As The Clock Ticks On, More Debt Sales Appear

December 23, 2021
Paul Muolo
A few years back, we didn’t hear much about mortgage firms selling debt, at least not publicly. Today, debt sales are becoming commonplace, but for how long?
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Mortgage Banking Results Mixed at Banks and Thrifts

December 23, 2021
John Bancroft
Retail lending by depository institutions' mortgage-banking operations fell in the third quarter, but a major acquisition by one bank pushed other indicators higher.
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CRT Transactions Seen as Attractive Option for Banks

December 23, 2021
Brandon Ivey
Credit-risk transfer transactions offer capital relief for banks and strong yields for investors. A CRT from Texas Capital Bank could only be scratching the surface of the potential of such deals.
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Borrowers Benefitting From Increase in Nonbank Share

December 23, 2021
Dennis Hollier
Fed researchers find nonbanks improve the quality of their mortgage servicing by specializing in low-income borrowers.
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Policymakers Asked to Address Housing Supply Constraints

December 23, 2021
Monica Hogan
The Bipartisan Policy Center and the Urban Institute this month called on local, state and federal policymakers to help address the critically short supply of housing, especially affordable housing.
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Grapevine: RON Legislative Effort Thwarted; Credit Unions Allowed to Buy MSRs

December 23, 2021
Brandon Ivey
Remote online notarization provision dropped from defense bill; credit unions allowed to acquire MSRs from other credit unions; new document processing technology offering; mortgage tech vendor raises capital; automated mortgage assistance product offered to distressed mortgage borrowers, for a fee.
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Private ABS Issuance Occurring Under the Radar

December 23, 2021
Brandon Ivey
There’s a growing market for ABS where deals are negotiated discreetly between the issuer and a handful of investors. The securities typically don’t receive credit ratings.
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