Fair Lending Obligations Under PPP Reiterated May 11, 2020 Yemeng Yang The CFPB reminded lenders to ensure compliance with fair lending obligations when handling applications under the Paycheck Protection Program.Read More
Other News in Brief May 11, 2020 Yemeng Yang Annual fair lending report issued; CFPB’s COO Kate Fulton to join FHFA; consumer complaint database enhanced.Read More
GSE Credit-Risk Transfers Pass a Big Test. As For Their Future… May 11, 2020 Dennis Hollier It's not hard to see why Fannie and Freddie like their CRT programs... Read More
Surprise: A New Non-QM Deal is Ready to Hit the Market May 11, 2020 Brandon Ivey Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%). Read More
Mortgages Top the List of COVID-19-Related Criticisms May 8, 2020 Yemeng Yang Consumer criticisms regarding mortgages topped the list of coronavirus-related complaints filed with the CFPB in April.Read More
Large Banks Tightening HELOC Lending May 8, 2020 Yemeng Yang Analysts expect there will not be a surge in home equity line of credit draws during the economic crisis sparked by the pandemic.Read More
Fed Loan Officer Survey Shows Standards Tightening May 8, 2020 Maria Volkova Mortgage lenders have tightened underwriting requirements on non-agency mortgages and HELOCs, according to a recent Federal Reserve survey.Read More
Zillow Predicts Purchase Market Recovery by End of 2021 May 8, 2020 Maria Volkova Though purchase mortgages are plummeting, low interest rates and higher buyer demand will help the market stage a recovery, according to Zillow.Read More
Prepayments (Refis) Being Tapped for Short-Term Liquidity May 8, 2020 Brandon Ivey Using the "float" of payoffs to offset the advances? Why not? These are tough times... Read More
Mortgage Sector Bucks the Trend, Adds Jobs During Pandemic May 8, 2020 Paul Muolo The mortgage employment reading, while strong, trails the national numbers by one month.Read More
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