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Cardinal, Others Test the MSR Waters

February 8, 2024
Paul Muolo
Servicing sales are off to a strong start in the new year, especially now with Federal Reserve interest rate cuts hardly a sure thing. Another factor is a fresh round of available capital from investors.
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NYCB in Turmoil Following Commercial Loan Losses

February 8, 2024
Brandon Ivey
NYCB took an unexpected loss in the fourth quarter tied to commercial loans and its multifamily business. The bank was then downgraded by Moody’s.
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UWM Files Lawsuit Against Florida Broker for Breaking ‘All-In’ Pact

February 8, 2024
James Dohnert
UWM has sued Atlantic Trust Mortgage for allegedly breaking a contract term that barred it from originating loans with Rocket Mortgage.
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FHA, VA Considering Bi-Merge Credit Scoring Process

February 2, 2024
Monica Hogan
The Community Home Lenders of America recently called for a single credit scoring process across conventional and government home loan programs. Spokespersons for FHA, VA this week said the agencies are considering a bi-merge credit scoring process.
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Senators Introduce VA Loss-Mitigation Bill

February 2, 2024
Monica Hogan
The bill offered by Democratic leaders would create a partial claims program similar to FHA’s offering.
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Banco Popular Stands Out Retaining FHA Loans

February 2, 2024
Monica Hogan
The vast majority of FHA loans originated by both banks and nonbanks are securitized. Meanwhile, Banco Popular is retaining some of its FHA production in portfolio.
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Researchers Explore FHA Borrower Discrimination

February 2, 2024
Monica Hogan
Real estate agents keep a significant percentage of home listings away from being advertised to FHA borrowers, new research shows.
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VA Clarifies Underwriter Employee Policies

February 2, 2024
Monica Hogan
A recent VA circular detailed how lenders can nominate new VA-approved credit underwriters.
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GAO Highlights Risks From Expanding Hospital Financing

February 2, 2024
Monica Hogan
FHA insured about $17.1 billion in new loans under its hospital mortgage insurance program between fiscal years 2000 and 2022, the Government Accountability Office said in a new report.
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Nonprofits Applaud RHS Sections 502, 504 Proposals

February 2, 2024
Monica Hogan
Rural housing nonprofits want USDA’s Rural Housing Service to take additional steps to improve its Section 502 direct loan program and Section 504 loan and grant program, such as improving staffing and information technology.
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