The overall number of loans declined as borrowers whose loans were not in forbearance took advantage of low interest rates to refinance. Ultimately, Fannie’s net forbearance rate only declined about 1.0% in June, WFS said.
The Independent Community Bankers of America said it plans to collaborate with the CFPB to test certain community bank-inspired improvements to the TRID rule through the trial disclosure “sandbox” program.
The ruling partially lifts the cloud surrounding a 2015 ruling over the valid-when-made doctrine, providing banks with legal arguments to defend their securitization trusts against state usury laws.
Deloitte will assist Ginnie Mae in consolidating its legacy platforms and improve services using cloud solutions. Another tech-related contract was awarded as well.
Consultant David Lykken believes how well a lender can downsize its operations when business slows will determine whether its stock price gets crushed...
The rescission of the bulletin does not mean MSAs are presumably legal. Instead, it will depend on how the business relationship is structured and implemented.
DBRS saw a relatively small 5.7% decline in MBS ratings from the first to the second quarter, and actually upped its ratings of expanded-credit mortgage MBS...
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