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Bank Mortgage Repurchases Hit Record Low in Third Quarter

December 18, 2019
John Bancroft

Wells Fargo posted a 6.5% increase in repurchases from the second quarter, though its year-to-date volume was down from 2018.


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Suddenly, Senate Democrats Seem Pretty Interested in GSE Reform

December 18, 2019

The senators asked for a detailed timeline for ending the conservatorships and a list of benchmarks the GSEs must meet.


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House Extends Mortgage-Related Tax Breaks, NFIP

December 18, 2019
Brandon Ivey

The deduction for mortgage insurance premiums and a tax break on forgiven mortgage debt had expired at the end of 2017 while funding for the National Flood Insurance Program was set to elapse on Dec. 20.


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Redactions an Issue in the Fairholme-GSE Case

December 17, 2019
Dennis Hollier

In 2017, Judge Sweeney ordered the government to produce many of these documents...


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Broker Hiring Outpaces New Jobs Created by Mortgage Bankers

December 17, 2019
Paul Muolo

However, some lenders, including Flagstar Bancorp, are being careful about adding new workers.


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LendingHome Expands Product Offerings for Investment Properties

December 17, 2019
Brandon Ivey

To this point, LendingHome's originations have been concentrated on fix-and-flip bridge loans.


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GSE MBS Issuance Tops $117B in November, Highest Reading Since Early 2013

December 17, 2019
John Bancroft

GSE purchase-mortgage business cooled off, falling 4.9% from the previous month, but refi volume jumped 13.3% to $70.5 billion in November.


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Reform Would Block CRA Credit on Mortgages to the Wealthy

December 16, 2019
Yemeng Yang
The FDIC and OCC proposed Community Reinvestment Act reforms that will prevent banks from receiving credit for making mortgages to higher-income borrowers living in low-income areas.
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Benefits and Risks of Alt Data in Loan Underwriting

December 16, 2019
Yemeng Yang
Federal regulators are cautiously supporting the use of alternative data in loan underwriting decisions, but many uncertainties remain.
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CFPB Fate Debated in Briefs to Supreme Court

December 16, 2019
Yemeng Yang
In opening briefs before the Supreme Court, a California law firm and the CFPB argued the bureau’s structure is unconstitutional, but took opposing positions on how to remedy the situation.
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