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Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending

February 11, 2020
Paul Muolo

The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.


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Still Rising: Ginnie Mae MBS Issuance

February 11, 2020
John Bancroft

January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.


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New Residential Stays MSR Hungry

February 10, 2020
Paul Muolo

Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 


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Lawmakers Differ on the Madden Fix Proposed by FDIC, OCC

February 6, 2020
Yemeng Yang
There is a stark difference between Democrats and Republicans when it comes to the proposals to codify the valid-when-made doctrine.
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JPM May Reenter FHA Direct. Ramifications for Ginnie Issuers?

February 6, 2020
Paul Muolo
In a surprise move, Chase this week said it’s contemplating a return to FHA direct lending. Ramifications for the Ginnie MBS market? Yes.
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States Fear Losing Consumer Protection Power, Resources

February 5, 2020
Yemeng Yang

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…


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Puerto Rico Requires Servicers to Report on EQ Assistance Efforts

February 5, 2020
Yemeng Yang

Lenders and servicers that fail to provide their reports to the OCFI in a timely manner may be subject to penalties.


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On the Rise: Loan Closing Times. Ramifications?

February 4, 2020
Paul Muolo

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…


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Industry Debates CFPB’s Plan to Eliminate DTI Ratio

February 3, 2020
Yemeng Yang
The CFPB intends to do away with the debt-to-income metric as a mortgage underwriting factor and instead consider an alternative to assess a borrower’s ability to repay. The news drew mixed reactions.
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CFPB Makes a Retreat From Enforcing Abusiveness Claims

February 3, 2020
Yemeng Yang
In a new policy statement, the CFPB said it will rely on a cost-benefit analysis to deal with “abusiveness” claims in supervision and enforcement.
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