Regulatory oversight of nonbank mortgage lender/servicers has increased in recent years, but most of the actions have been uncoordinated. In the latest move, FHFA proposed financial standards for GSE seller/servicers.
America’s Moneyline claims officials of United Wholesale Mortgage had assured the broker that provisions of the controversial “all-in” agreement wouldn’t be enforced.
Mortgage debt accounted for more than 80% of overall household debt in 2021, according to a new quarterly report by the Federal Reserve Bank of New York.
Bidders continue to sidle up to the MSR auction bar as interest rates move higher. Are premium prices beginning to waiver? We’re not there yet but sometimes the market can turn on a dime.
If it weren’t for MSR sales, Home Point would have lost money in the fourth quarter. The nonbank continues to scale back its breadth, announcing a deal to sell its stake in reverse lender Longbridge Financial.
In comments due last week, the Mortgage Bankers Association and the American Bankers Association weighed in on draft principles on climate-related financial risk management from the Office of the Comptroller of the Currency.