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FEMA Official Proposes NFIP Reforms

June 24, 2022
Monica Hogan
The latest short-term extension of the National Flood Insurance Program is set to expire Sept. 30.
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Industry Cheers MIP Changes for Green Care Properties

June 24, 2022
Monica Hogan
The U.S. Green Building Council applauded HUD’s proposal to require an Energy Star score of 75 or better to qualify for the mortgage insurance premium cut.
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Sources: PIMCO Pulls Support for Non-QM Lender FGMC

June 24, 2022
Paul Muolo

Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.


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A Nice Gain for Second-Lien Lending, but Outstandings Shrink

June 24, 2022
Paul Muolo
Wells Fargo once again ranked first in this specialty niche...
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Mortgage Company Bonds Come Under Pressure

June 24, 2022
Paul Muolo
Some of loanDepot's bonds have been trading for as low as 67 cents on the dollar...
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Another Run at the QM Rule?

June 24, 2022
Sam Manas
In April 2021, the CFPB extended the mandatory compliance date for its general QM rule to October 2022...
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MBS/ABS Investment Down In BHC Trading Accounts

June 24, 2022
John Bancroft
Banks’ trading account assets are reported at fair value. When rates increase, MBS suffer value declines.
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Some Buyers Holding Out for Higher-Yielding Whole Loans

June 24, 2022
Paul Muolo
Are secondary market non-QM buyers getting choosier about the paper they buy in a rising interest rate environment? In some cases, the answer is yes. Then again, who can blame them.
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Bank Portfolio Holdings Up In 1Q22; Wells Takes a Hit

June 24, 2022
Namrata Bhatia
Bank and thrift holdings of first-lien mortgages increased in the first quarter of 2022. Meanwhile, Wells Fargo and JPMorgan trimmed their portfolios. (Includes data chart.)
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More Job Cuts at Expanded-Credit Lender Sprout

June 24, 2022
Paul Muolo
Turmoil in the secondary market regarding prices paid for expanded-credit loans may be feeding job cuts at Sprout Mortgage. It’s hard to say, though. The New York-based company is keeping a low profile.
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