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DBRS Builds RMBS Ratings Share, S&P Steady in ABS

March 17, 2021
John Bancroft

DBRS made strides in the expanded-credit MBS market with $10.95 billion in business, a 19.5% increase from 2019 at a time when overall rated issuance fell 24.7%


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New York Nonbank Fined for Cybersecurity Breach

March 17, 2021
Lisa Burden

The New York regulator said RMS failed to investigate the breach...


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Subservicers Continue to Reap New Contracts. Outlook Appears Bright

March 17, 2021
Paul Muolo

In 3Q20 and 4Q19, subservicers managed 29.0% and 27.4%, respectively, of all outstanding residential loans in the U.S.


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Beware of Mortgagors Approaching the One-Year Mark on Forbearance Plans?

March 16, 2021
Paul Muolo

Black Knight says that overall, 2.6 million homeowners are in some form of COVID-related forbearance.


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Freddie Names Interim CEO: Mark Grier

March 16, 2021
Dennis Hollier

Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...


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FHFA’s Proposed Liquidity Rule May Require Some Work

March 15, 2021
Dennis Hollier

The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.


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Ginnie Mae MBS Issuance Finally Takes a Breather

March 15, 2021
John Bancroft

Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. 


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CFPB Issues Interpretive Rule on Bias Against Sexual Orientation

March 15, 2021
Lisa Burden
The bureau has clarified that prohibitions against discrimination found in the Equal Credit Opportunity Act and Regulation B include bias against sexual orientation and gender identity.
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A Hefty Profit for Mr. Cooper on Sale of Title Business

March 15, 2021
Paul Muolo

Blend Labs, the digital automated underwriting platform, is diving head first into the title business...


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Fannie's Chief Risk Officer Jumps Ship

March 15, 2021
Dennis Hollier

Fannie CRO John Forlines follows Andrew Bon Salle, former head of single-family lending, to mortgage lender Home Point.


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