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Other News in Brief

October 25, 2021
Brandon Ivey
Seila Law ends Supreme Court quest; compliance date of 2017 rule delayed again; CFPB joins other regulators on LIBOR statement; CFPB seeks clarity on Regulation O; consumers seek regulation of earned wage access products.
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Ginnie Servicing Performing Better, Freedom Ups Stake

October 25, 2021
Brandon Ivey
Freedom remained the top Ginnie servicer with $272.22 billion of MSRs on its books at the end of 3Q21...
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First American Buys Bob Caruso’s Subservicing Shop

October 25, 2021
Paul Muolo
A title insurance giant makes a splash with its latest vendor acquisition...
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New QM Standards Prompt Changes in Jumbo Underwriting

October 25, 2021
Brandon Ivey
The flexibility was introduced earlier this year when the CFPB temporarily allowed non-agency lenders to originate loans that meet qualified mortgage standards using traditional QM underwriting or new standards...
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MBS Trading Rises Slightly. Waiting on the Fed…

October 25, 2021
Paul Muolo
The trading high for the year came in January at $331.9 billion when it looked as though rates might be headed south.
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Analysts Expect Positive FHA MMIF Audit Results

October 22, 2021
Monica Hogan
Positive results in the forthcoming audit report to Congress on the status of the FHA insurance fund could prompt a reduction in premiums (or so the industry hopes).
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GNMA Loan Removals Still at High Level, Ease in 3Q21

October 22, 2021
John Bancroft
Loan removals from Ginnie MBS declined nearly 10% from the second to the third quarter, with the sharpest drop in buyouts of delinquent loans. (Includes data chart.)
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FHA Mortgages Seen as a Key Tool for Expanding Homeownership

October 22, 2021
Monica Hogan
Lenders need to do more to boost first-time homeownership among low- to moderate-income households, according to panelists speaking at the Mortgage Bankers Association’s annual convention.
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Waters, Brown Vow to Fight to Keep Housing in Infrastructure Bill

October 22, 2021
Monica Hogan
Chairs of two congressional committees have pledged to fight to ensure a hefty level of funding for housing in the Build Back Better package.
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FHA, Ginnie Mae to Play Key Roles in HUD’s Climate Plan

October 22, 2021
Monica Hogan
While FHA plans to provide low-cost financing for borrowers mitigating climate hazard, Ginnie said it will consider backing housing programs with environmental, social and governance innovations.
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