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.Read More
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.Read More
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...Read More
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.Read More
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.Read More
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...Read More
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%...Read More
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.Read More
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.Read More
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