Short Takes: Mortgage Insurance Heaven / Strong NIW from MGIC and Radian / Genworth’s Sale is Still a Go / The Election and What It Means for the Financial Sector November 5, 2020 Paul Muolo With their COVID-related charges in the rearview mirror, the mortgage insurance sector came roaring back...Read More
Mortgage Workers Returning. But Just How Many? November 5, 2020 Paul Muolo The pandemic has changed (forever) the equation of how many mortgage workers need to be in the office. Right?Read More
MFA Reducing Non-QM Funding Costs with MBS Issuance November 5, 2020 Brandon Ivey Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms. Read More
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
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