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CFPB Appointments Emphasize Equity and Enforcement

November 1, 2021
Sam Manas
CFPB director Rohit Chopra named Lorelei Salas assistant director for the Office of Supervision Policy and Eric Halperin assistant director for the Office of Enforcement.
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Short Takes: The Home Point MSR Sale? / SitusAMC Staffs Up / Non-QM Prices? / loanDepot a Buyer of Others? / LD’s Stock Price Spikes

November 1, 2021
Paul Muolo
Off like a rocket today: loanDepot's stock price...
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A Strong Profit for loanDepot as GOS Improves. Company Promises New Products

November 1, 2021
Paul Muolo

Proposed Housing Goals for Multifamily Causing Anxiety

October 29, 2021
Dennis Hollier
Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.
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Affordable Housing Coalition Pushes Stronger DTS Standards

October 29, 2021
Dennis Hollier
UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.
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Fannie Updates Policy on Unrecorded Assignments

October 29, 2021
Dennis Hollier
The enterprise will use limited powers of attorney to handle unrecorded assignments for non-MERS loans.
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Earnings Decline for the GSEs in 3Q but Net Worth Keeps Heading North

October 29, 2021
Paul Muolo and Dennis Hollier
Wards of the Uncle Sam since the fall of 2008, these days the two government-sponsored enterprises are considered instrumentalities of the executive branch with little prospect of their conservatorships ending.
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Suddenly, Everyone Loves MSRs, Even Banks and PE Firms

October 29, 2021
Paul Muolo
MSRs are red hot. A lasting thing?
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Nonbanks Worry About Ginnie's Pending Capital Proposal

October 29, 2021
Brandon Ivey
In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.
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Investor Demand for Prime Non-Agency MBS Softens

October 29, 2021
Brandon Ivey
Demand for non-agency MBS can be measured by how new issuance prices compare to a benchmark rate.
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