Wells Fargo layoffs hit home lending division; Black Knight launches tool to confront appraisal bias; mortgage delinquencies hit record low in March; and more...
The agency’s finalized strategic plan is almost unchanged from the draft version, despite recommendations and criticisms from mortgage industry stakeholders.
Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)
Early comments suggest widespread concern that the proposed increases in liquidity and capital requirements for GSE seller/servicers are unnecessary and maybe counterproductive.
Allowing the FHLBanks to offer letters of credit backed by locally issued tax-exempt bonds could speed work on waste and water treatment facilities, road and bridge repairs and other municipal infrastructure.