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Lenders Concerned by FHFA Credit Score Proposal

June 1, 2023
Brandon Ivey
Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.
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Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group

June 1, 2023
Sam Manas and Paul Muolo
State Farm has a 20% share of the homeowners market in the Golden State...
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MSR Market Still Running Strong

June 1, 2023
Dennis Hollier
Some experts expect MSR trading to top $1 trillion in each of the next three years, surpassing the approximately $900 billion traded in 2022.
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Lenders Struggle to Stay Afloat Amid Volatility

June 1, 2023
Dennis Hollier
With production expenses rising to more than $13,000 per loan, and four straight quarters of negative net income, mortgage lenders struggle to find ways to stay in business.
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CHLA Asks CFPB for Dual Compensation Restrictions

June 1, 2023
Sam Manas
The trade group wants the CFPB to establish uniform disclosure requirements for transactions involving dual compensation.
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Federal Regulators Scrutinize Appraisal Methodologies

June 1, 2023
Sam Manas
The Appraisal Subcommittee’s second open meeting focused on how appraisal methods might introduce biases to the valuation process.
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A Third Technology Choice for Warehouse Banks?

June 1, 2023
Paul Muolo
The slowdown in home lending offers companies an opportunity to bring on new vendors and change technology platforms. But does this apply to the specialized world of warehouse finance?
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House Passes Debt Ceiling Bill to Avert Financial Chaos

June 1, 2023
Monica Hogan
The Senate must now vote on the bill which would lift the federal debt limit until January 2025.
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Amicus Briefs Defend CFPB Funding, Warn of Contagion

May 30, 2023
Sam Manas
Several amicus briefs have been filed in defense of the CFPB’s funding structure in a case the Supreme Court will hear in its next term. Former and current members of Congress and academics said the bureau’s funding is consistent with historical practice.
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Regulated Entities Warn Supreme Court of Potential for ‘Chaos’

May 30, 2023
Sam Manas
Housing and mortgage markets could descend into chaos if bureau rules are invalidated by the Supreme Court, according to the Mortgage Bankers Association and other trade groups.
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