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Ginnie Mae Market Sags in May as Refinance Drops Sharply

June 8, 2021
John Bancroft
A slowdown in refinance activity was responsible for the May swoon.
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VA Issues Final COVID-19 Partial Claim Program Rule

June 8, 2021
Maria Volkova
The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.
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Credit Bureaus Deflect Blame for Surge in Consumer Complaints

June 8, 2021
Lisa Burden
Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...
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CFPB Fines DriverLoan for Deceptive Deposit and Loan Products

June 7, 2021
Lisa Burden
The company and its CEO agreed to refund about $1 million in deposits to harmed consumers and pay $100,000 in civil penalties.
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Expanded-Credit Production Nearly Flat in 1Q21

June 7, 2021
Brandon Ivey
In the first quarter of 2021, expanded-credit mortgages accounted for 0.7% of total first-lien production compared to 2.2% for all of 2019.
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Second Quarter Lending Shaping Up to Be Good, Not Great

June 7, 2021
Paul Muolo
The origination slowdown is finally here, but for now it's not so bad...
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Bank Selling $5.4 Billion of MSRs Through Phoenix Capital

June 7, 2021
Paul Muolo
The Fannie Mae/Freddie Mac portfolio is collateralized by 30- and 15-year product, with weighted average coupons of 3.19% and 2.80%...
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Biden Takes Aim at Home Appraisal Disparity

June 4, 2021
Maria Volkova
Commemorating the 100th anniversary of the Tulsa Race Massacre, the White House announced the creation of a task force led by the housing secretary to root out discrimination in the appraisal and homebuying process.
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VA Issues Final COVID-19 Partial Claim Program Rule

June 4, 2021
Maria Volkova
The final rule aligns the VA partial claim program with initiatives implemented by the FHA and USDA. The rule goes into effect July 27.
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USDA Allows Refinancing of Loans Post-Moratorium

June 4, 2021
Maria Volkova
The temporary measure allows borrowers to refinance Section 502 and 504 loans if they were, or are, in a COVID-19 forbearance moratorium.
Read More
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