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Consumer Groups Ask HUD to Monitor Algorithmic Bias

September 17, 2021
Monica Hogan
Fair housing advocates said HUD should continue to monitor mortgage lenders for potential discrimination stemming from the use of predictive technologies.
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Genworth Finally Spins Off Private MI in $253M IPO

September 17, 2021
Monica Hogan
Shares of Enact Holdings began trading on the Nasdaq this week, surging more than 7% on Day 1.
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Waiting for Mortgage Employment to Drop (and Godot)

September 17, 2021
Paul Muolo
Layoffs in the mortgage industry? No, not yet. Actually, there were modest staff reductions in 2Q21 but most of the displaced landed quickly.
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Servicers See Gains in Refi Recaptures During Second Quarter

September 17, 2021
Monica Hogan
For refinances completed during the second quarter, 28% of borrowers remained with the servicer of their previous mortgage, the largest share since the pandemic started, according to Black Knight.
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Details Out on Home Point’s $15 Billion MSR Auction

September 17, 2021
Paul Muolo
Home Point, which went public earlier this year, has been the subject of recent downgrades...
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HFSC Chair Waters Urges Biden to Pick Thompson for the FHFA Job

September 17, 2021
Dennis Hollier
But the influential HFSC chair — who has no Congressional vote on such a nomination — also noted the acting director’s experience as a prudential regulator...
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FHFA Proposal Could Revitalize GSE CRT Deals

September 17, 2021
Brandon Ivey
The alterations unveiled by the Federal Housing Finance Agency touch on the prescribed leverage buffer and the capital treatment of CRT transactions.
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The Status of Houlihan’s FHFA Contract? Hard to Say

September 16, 2021
Paul Muolo
A $45 million investment banking contract hangs in the balance as the FHFA maneuvers the future of Fannie and Freddie.
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A Notable 2Q Spike in Non-Agency Jumbo Production

September 16, 2021
John Bancroft
Jumbo lending is catching on with nonbanks, which are providing most of the collateral for non-agency prime jumbo securitizations.
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New FHFA Chief Thompson Moves to Alter GSE Capital Mandates

September 16, 2021
Dennis Hollier
The existing capital rule, finalized in November 2020, was roundly criticized by industry observers, who said it was overly conservative.
Read More
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