Income and employment data verification provider Argyle believes verification waterfalls can help lenders save time and money during the loan origination process.
Researchers at the Federal Reserve Bank of New York tracked the recovery of borrowers who foreclosed in 2008 and borrowers with similar characteristics but who did not foreclose.
Congress should consider legislation to allow Ginnie Mae to expand its pass-through assistance program to give nonbanks a liquidity backstop, according to the Financial Stability Oversight Council.
MBS trading has improved as investors and traders weigh the landscape. One positive: a benign inflation reading this week. But is this a head fake before worse news appears?
Delinquencies and losses on subprime auto ABS have been rising. Improved underwriting and inflation leveling out could help improve performance, according to industry analysts.
The Financial Stability Oversight Council wants Congress to provide FHFA and Ginnie Mae authority to supervise nonbanks given their growing dominance of the mortgage servicing market.