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Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse

August 18, 2022
John Bancroft
Originations of non-agency home loans saw a modest 3.4% increase from the first three months of the year...
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Sources: Sprout Owner Strauss Puts NYC Penthouse Up For Sale

August 18, 2022
Sam Manas
Zillow, earlier this week, was listing the apartment at $26.5 million...
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MBA: Only 57% of Lenders Were Profitable in 2Q22

August 18, 2022
Paul Muolo
MBA's Marina Walsh: "Pulling out a profit in these difficult conditions is no easy feat.”
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Working in Tandem, Ginnie and FHFA Finalize Eligibility Standards

August 18, 2022
Paul Muolo and Dennis Hollier
Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed.
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Cenlar Beefs Up Its Default Team. As for Why…

August 18, 2022
Paul Muolo
When it comes to default management hires, subservicer Cenlar has been a busy bee, adding a handful of new VPs. Is it expecting an increase in delinquencies or is something else afoot?
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Delinquencies, Foreclosures Exceptionally Low in 2Q22

August 18, 2022
Brandon Ivey
The total delinquency rate stood at 3.44% as of the end of June, among the lowest levels seen since the launch of Inside Mortgage Finance’s Large Servicer Delinquency Index in 2003. (Includes data chart.)
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FHFA Tweaks GSEs’ Goals for Multifamily in 2023-24

August 18, 2022
Dennis Hollier
The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number.
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CSBS Promotes Cybersecurity Tools for Nonbanks

August 18, 2022
Monica Hogan
The Conference of State Bank Supervisors unveiled two new tools to help state examiners assess nonbanks’ resilience against cyberattacks.
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Sources: Sprout CEO Selling Manhattan Penthouse

August 18, 2022
Sam Manas
It appears that Michael Strauss, CEO of now-shuttered Sprout Mortgage, is looking to sell his Manhattan penthouse on Park Avenue for $26.5 million.
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Equifax Credit Score Snafu May Have Had Wider Impact

August 18, 2022
Dennis Hollier
A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments.
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