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Long Lead Time Eases Ginnie Issuer Eligibility Concerns

September 14, 2023
Monica Hogan
Ginnie Mae eligibility requirements issued a year ago are largely set to take effect at the end of the month. Most issuers are in compliance with the standards, according to the agency.
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KBRA Pulls Back the Curtain on Rated Private ABS Market

September 14, 2023
James Dohnert
The market for rated private ABS has grown significantly in recent years, according to a new report from KBRA.
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Conservatorships Turn 15, MBS Market Unscathed

September 14, 2023
Paul Muolo
MBS holdings at Fannie and Freddie are a shadow of what they used to be. Then again, being in a conservatorship that just celebrated its quinceanera will do that to you.
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Pagaya Plots Slate of ABS Moves, Bank Partnerships

September 14, 2023
James Dohnert
Pagaya has been growing its securitization capabilities as it sets its sights on partnerships with large banks.
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CFPB Working Toward Loss-Mitigation Rule

September 14, 2023
Sam Manas
The CFPB’s top mortgage priority is to finalize a rule setting new standards for loss mitigation, according to an agency official.
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Former Sprout Leader Brokering Mortgages

September 14, 2023
Sam Manas
The founder of the shuttered non-QM lender Sprout Mortgage has shifted to personally brokering loans. Also, a class-action lawsuit against Sprout was complicated by a bankruptcy filing.
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Calls Build for Congress to Reauthorize NFIP

September 14, 2023
Monica Hogan
Mortgage lenders and consumer advocates are increasing their requests to have the National Flood Insurance Program reauthorized.
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Subservicing Growth in 2Q23: Steady Overall

September 14, 2023
Paul Muolo
The business of subservicing loans for others continued apace in the second quarter with modest growth. The good news: Delinquencies are low but some lenders that source the loans are going bust. (Includes data chart.)
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Inertia Threatens Broad Adoption of Special Purpose Credit Programs

September 14, 2023
Monica Hogan
Consumer advocates, trade groups and federal agencies are urging banks to help close the racial wealth and homeownership gaps by committing to launch more special purpose credit programs.
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Wholesale Only for Life-Long Retailer

September 14, 2023
Paul Muolo
Profit margins are tight in wholesale but that isn’t stopping EPM owner Eddy Perez from converting his national shop into a table-funding-only producer. Will it work? We’re about to find out.
Read More
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