HMDA: Denial Rates Vary Among Racial Groups, Lenders October 7, 2019 Yemeng Yang Denial rates on mortgage applications in 2018 show mixed trends among loan types, racial groups and lenders, according to an Inside the CFPB analysis. Read More
Starwood Stocks MBS with Non-Agency Investment Properties October 7, 2019 Brandon Ivey All of the loans in the MBS were underwritten using debt-service coverage ratios.Read More
Blend Shortens Pre-approval for Lender Clients October 4, 2019 Yemeng Yang The fintech company rolled out a new product to help simplify the pre-approval process for its lender clients. Read More
Co-Working Model May Pose Risk to Commercial MBS October 3, 2019 Yemeng Yang After WeWork’s failed initial public offering, investors are questioning the risk a co-working model poses to commercial MBS.Read More
Connecticut Lender, Regulator in Licensing Row October 3, 2019 Yemeng Yang A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.Read More
Senate Appropriators Ask HUD to Resolve Troubled HECMs September 27, 2019 George Brooks Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.Read More
CFPB Says Its Structure Is Unconstitutional September 26, 2019 Yemeng Yang In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.Read More
Rising Home Prices Boost Home Equity Levels September 26, 2019 Yemeng Yang Homeowner equity hit an all-time high in the first half of 2019, thanks to rising real estate values, according to a recent report from CoreLogic.Read More
Rare RMBS Backed by Manufactured-Home Loans September 26, 2019 Yemeng Yang FirstKey Mortgage is prepping a rare residential MBS backed entirely by manufactured-home loans. Read More
Three Innovation Policies Finalized September 23, 2019 Yemeng Yang The bureau has finalized three policies in order to promote innovation in the financial services industry.Read More
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