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In Counterclaim, Equity Prime Levies Allegations Against Carrington

December 29, 2021
Paul Muolo
Equity Prime's lawyers are going to be busy in the new year...
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The Debt Wheel Keeps Spinning for Mortgage Firms

December 29, 2021
Paul Muolo
The cost of money, however, for these lenders is starting to inch up. Then again, not everyone can borrow as cheaply as Rocket Companies...
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FHFA Continues to Focus on Appraisal Bias

December 29, 2021
Dennis Hollier
The centerpiece of a new report is a list of 18 specific examples, some of which are outright illegal.
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Aurora Remains Confident in Better.com. However…

December 28, 2021
Paul Muolo
In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...
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The Fed: Borrowers Benefit From An Increase in Nonbank Share

December 28, 2021
Dennis Hollier
Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...
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GSE Seller Repurchases Ratchet Higher in Third Quarter

December 28, 2021
John Bancroft
As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.
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Industry Endorses Biden’s Nominee to Head FHFA

December 23, 2021
Dennis Hollier
Mike Calhoun, CEO of the Center for Responsible Lending, was once thought to be Biden’s choice to run FHFA. Last week, he added his voice to the chorus of endorsements for Sandra Thompson’s nomination.
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Some Tweaks as FHFA Sets Housing Goals for GSEs

December 23, 2021
Dennis Hollier
The new goals don’t deviate dramatically from what the agency proposed in August, but the mulitfamily goals will only apply to 2022 instead of the usual three-year time span.
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December Updates for GSE Seller/Servicers

December 23, 2021
Dennis Hollier
GSEs issue lender letters/bulletins tweaking their guidelines for lenders and servicers.
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FHFA Once Again Calls Attention to Appraisal Bias

December 23, 2021
Dennis Hollier
Appraisers frequently use free-form text fields in their valuation reports to describe neighborhoods in ways that appear to violate fair lending regulations.
Read More
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