Velocity Completes Unrated Securitization, Plans to Resume Lending in 3Q June 15, 2020 Brandon Ivey Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...Read More
Delinquencies on Non-QM MBS Spike. Impairment Rate North of 16% June 15, 2020 Brandon Ivey Self-employed borrowers had the worst performance, on average, followed by loans for investment properties... Read More
Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
NewDay Lowers FICO Minimums to 680 June 12, 2020 Maria Volkova The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.Read More
HUD-IG Says Telework Had Little Impact on Operations June 12, 2020 Maria Volkova HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions. Read More
FHA/VA Mortgages in Forbearance Leveling Off June 12, 2020 Maria Volkova Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?Read More
SFA Chief Bright Sees Fed Expanding TALF to Include Jumbos June 12, 2020 Brandon Ivey SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF... Read More
CMBS Loan Delinquencies Increase Sharply in May June 11, 2020 Yemeng Yang And even worse, industry analysts expect loans collateralized with commercial properties to see sharper increases in delinquencies for June.Read More
Court Rejects CFPB’s Settlement with Student Trusts June 11, 2020 Yemeng Yang A federal judge in Delaware rejected the CFPB’s $19.1 million proposed consent decree with 15 student loan trusts because the law firm that signed on behalf of the defendants lacked authority.Read More
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