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Agency MBS Issuance Breaks $300B in August

September 11, 2020
John Bancroft

Fannie Mae, Freddie Mac and Ginnie Mae issued $321.83 billion of single-family MBS last month, according to an Inside MBS & ABS ranking and analysis.


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CFPB Red Flags Redlining Issues in Supervisory Activity

September 11, 2020
Yemeng Yang

The CFPB's latest supervisory highlight report demonstrated the agency's renewed interest in fair lending issues.


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QM Proposal May Not Be Enough for Non-Agency Market

September 10, 2020
Yemeng Yang
Some industry groups are concerned that the CFPB’s proposal to revise general QM standards contains unclear underwriting standards and legal uncertainties. They support the development of self-governance standards for the non-agency market.
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Wells Preps its First Non-QM MBS, Stocked With Slightly Seasoned Loans

September 10, 2020
Brandon Ivey

Loans in the first non-QM MBS from Wells have seasoned for an average of 15 months.


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Industry Not Worried About a California Mini-CFPB. Why?

September 10, 2020
Yemeng Yang
The final version of the bill exempts mortgage licensees from the expanded oversight and enforcement authority the state agency will have.
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Mortgage Bankers and Brokers Keep Adding Jobs

September 8, 2020
Paul Muolo

Loan brokerage firms have increased employment by 16.3% year-over-year...


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Accelerate, Others Snagged in CFPB's VA Dragnet

September 4, 2020
Maria Volkova

Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.


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Ginnie Mae Loans In Forbearance Inch Back Up

September 4, 2020
Maria Volkova

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.


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CBC Letter Voices Concerns About DPA Program

September 4, 2020
Maria Volkova

According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.


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Genworth and Oceanwide Merger Back on Track

September 4, 2020
Maria Volkova

The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.


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