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UI Finds CSBS Nonbank Servicer Proposal Ineffective

January 4, 2021
Yemeng Yang
Citing existing mortgage regulations at the federal level, the Urban Institute said it might be most appropriate for the FHFA or the Federal Reserve to regulate nonbank mortgage servicers.
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Other News in Brief

January 4, 2021
Yemeng Yang
The CFPB grants compliance assistance sandbox to two companies; QM rules to take effect March 1.
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Citadel Servicing Rebrands as Acra Lending

January 4, 2021
Brandon Ivey

Officials at Acra suggest it's largely business as usual for Citadel, beyond the name change.


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Genworth and China Oceanwide Don’t Renew Merger ‘End Date.’ A Partial IPO for MI Unit?

January 4, 2021

Genworth said the mortgage insurer is “designed to meet its near-term liabilities of approximately $1.0 billion of debt due in 2021. An IPO of U.S. MI will be subject to market conditions as well as the satisfaction of various conditions and approvals.”


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Nation’s Largest ‘mREIT’ Renews Stock Buyback Effort

January 3, 2021
Paul Muolo

Like many mortgage-related REITS, Annaly has returned to profitability and has experienced an improvement in its net interest margin.


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Reverse Lending Up Sharply in 3Q20

December 31, 2020
Namrata Bhatia

Reverse Mortgage Funding maintained its second-place position but trailed far behind with $743.5 million. Finance of America, which is controlled by the Blackstone Group, moved up a notch to third place with $577.0 million.


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DBRS, S&P Lead Ratings Market at Nine-Month Mark

December 31, 2020
John Bancroft

Kroll Bond Rating Service had a strong year over the first nine months of 2020, with a 12.4% increase in business from the same period in 2019...


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Feds Crack Down on Unlicensed Debt Collection

December 30, 2020
Yemeng Yang

RAB agreed to pay $204,000 in civil money penalty to settle the claims.


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CARES 2.0 Amendment Would’ve Required GAO Review of GSE Capital Rule

December 30, 2020
Paul Muolo

Issued in late November, the new FHFA regulatory framework mandates Tier I capital of at least 4.0% for Fannie and Freddie, a bar that some stakeholders believe is too high.


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Pandemic-Related Exodus Caused Home Prices to Grow in October

December 30, 2020
Maria Volkova

The highest year-over-year gains were reported in Phoenix (12.7%), Seattle (11.7%), and San Diego (11.6%). Meanwhile, New York (6.0%), Chicago (6.3%) and Las Vegas (6.4%) lagged behind...


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