Wells Preps its First Non-QM MBS, Stocked With Slightly Seasoned Loans September 10, 2020 Brandon Ivey Loans in the first non-QM MBS from Wells have seasoned for an average of 15 months.Read More
Industry Not Worried About a California Mini-CFPB. Why? September 10, 2020 Yemeng Yang The final version of the bill exempts mortgage licensees from the expanded oversight and enforcement authority the state agency will have.Read More
Mortgage Bankers and Brokers Keep Adding Jobs September 8, 2020 Paul Muolo Loan brokerage firms have increased employment by 16.3% year-over-year...Read More
Accelerate, Others Snagged in CFPB's VA Dragnet September 4, 2020 Maria Volkova Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.Read More
Ginnie Mae Loans In Forbearance Inch Back Up September 4, 2020 Maria Volkova The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.Read More
CBC Letter Voices Concerns About DPA Program September 4, 2020 Maria Volkova According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.Read More
Genworth and Oceanwide Merger Back on Track September 4, 2020 Maria Volkova The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.Read More
USDA's Guaranteed Home Loan Volume Up Sharply in 2020 September 4, 2020 Maria Volkova Between October 2019 and July of this year, USDA issued 107,283 guarantees totaling $17.8 billion. Another month remains in the agency's fiscal year.Read More
FHA, VA Extend Eviction and Foreclosure Moratorium September 4, 2020 Maria Volkova The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.Read More
FHA Catalyst Platform to Include Loan Review System September 4, 2020 Maria Volkova Beginning Sept. 14, the FHA Catalyst platform will allow lenders to submit binders for post-endorsement review.Read More