Lenders argue that Thompson should focus on reversing unpopular policies initiated when Mark Calabria was FHFA director. They point to unvetted credit requirements and the product caps included in the PSPAs.
The share of mortgages in forbearance fell substantially over the past year, but the Department of Housing and Urban Development wants servicers to reach out to all homeowners who may still need loss-mitigation assistance.
If Ginnie Mae hikes its capital requirement as proposed, it could reduce the number of issuer/servicers. But some nonbanks would benefit from reduced competition.
Fannie and Freddie raked in billions of dollars from the loan-level price adjustment before FHFA pulled the plug last week. Are more Calabria-era rules on the chopping block?
It’s early in the quarter but potential investors in MSRs are wondering when the auction action might start. So far, few large portfolios have been put on display. But that could change.
The proposed rule, for the purpose of calculating deposit insurance, would provide the same treatment for principal and interest payments made on behalf of a borrower by a third party, such as a mortgage servicer.
Blend Labs netted $360 million from its IPO at a valuation of more than $4.0 billion. Meanwhile, Better Mortgage is in the process of going public via a SPAC.
Fannie Mae called upon FEMA to provide improved disclosures while some industry stakeholders suggested expanding the areas subject to mandatory flood insurance.
CFPB Acting Director Dave Uejio has indicated his willingness to appear before the House Financial Services Committee to respond to Republican concerns over his actions of the past six months.