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GSE Shareholders Prevail in Net Worth Sweep Trial

August 17, 2023
Dennis Hollier
A jury in the U.S. District Court for the District of Columbia this week handed GSE shareholders their first major win in their effort to recover some of their investment in Freddie and Fannie stocks.
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Delinquencies Increase at Large Servicers in Second Quarter

August 17, 2023
Brandon Ivey
Early-stage delinquencies increased at large servicers during the second quarter of 2023. Servicers anticipate further declines in loan performance. (Includes data chart.)
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HUD, GSEs Respond to Maui Wildfires

August 17, 2023
Monica Hogan
The Department of Housing and Urban Development, Fannie Mae and Freddie Mac reminded lenders and servicers of the options available to homeowners impacted by the deadly wildfires in Maui.
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Escrows: A Rising Benefit for Owners of MSRs

August 17, 2023
Paul Muolo
Elevated interest rates are helping to increase “float” income for owners of mortgage servicing rights. The hard part is nailing it down how much.
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Massachusetts Nonbank CRA Coverage a Model for California

August 17, 2023
Sam Manas
Consumer advocates are working to establish state Community Reinvestment Act requirements for nonbanks.
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Short Takes: It’s Game Time For Better / Past Losses / Just Two / An Improvement at LendingTree / Rocket’s Employee Buyouts

August 14, 2023
Paul Muolo
To date, there have been just two mortgage company SPAC/IPOs...
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McCargo Aims to Open Access to Ginnie Platform

August 11, 2023
Monica Hogan
The Ginnie president said the agency is working with the Federal Home Loan Banks and other government agencies to determine how they might aggregate loans from smaller lenders to give them access to the platform.
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Industry Wants VA to Seek Feedback on Loss-Mit Plan

August 11, 2023
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council have asked the VA to allow for a comment period before it finalizes a new veterans assistance servicing purchase program.
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MBA Urges Caution on FHA, USDA Energy Requirements

August 11, 2023
Monica Hogan
The Mortgage Bankers Association wants the Departments of Agriculture and Housing and Urban Development to consider the cost implications of their proposal on new energy standards for the construction of multifamily properties.
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FoA Reports Growing Pains From AAG Integration

August 11, 2023
Monica Hogan
Finance of America took a hit in the second quarter from the cost of integrating the operations of AAG into its business.
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