A 2021 GSE Loan Limit of Roughly $539,000 November 4, 2020 John Bancroft The limits would be higher for mortgages backed by 2-4 unit properties, as well as loans in designated high-cost markets.Read More
A Rarity: An Auction Notice on Bulk Ginnie MSRs November 4, 2020 Paul Muolo Signs of life in the Ginnie Mae servicing arena? Maybe. Read More
Portfolio Growth for the GSEs? Yes November 4, 2020 John Bancroft Fannie’s whole-loan portfolio increased 2.8% during the quarter, while Freddie’s grew 3.8%... Read More
HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
FHA Extends Timeframe for Initial Forbearance Request October 30, 2020 Maria Volkova The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.Read More
CFPB Continues Crackdown on False Ads to Veterans October 30, 2020 Maria Volkova In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.Read More
New BIA Requirement Pauses Lending on Tribal Trust Lands October 30, 2020 Maria Volkova The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.Read More
LO Compensation Continued to Climb in the Third Quarter October 30, 2020 Yemeng Yang Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...Read More
Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt October 30, 2020 Paul Muolo IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...Read More
Pagaya Issues First Publicly Rated Consumer ABS October 29, 2020 Yemeng Yang The vendor uses machine learning and artificial intelligence technology to select and purchase consumer loans from originators.Read More
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