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What to Know About the End of the ‘GSE Patch’

April 15, 2021
Dennis Hollier
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.
Read More

Underwriters and Processors, Your Time Has Passed (Maybe)

April 15, 2021
Paul Muolo
The mortgage hiring game in a nutshell: Loan officers are in demand, processors and underwriters, not so much.
Read More

Grapevine: $500 Million Says A Lot; Mortgage Tally: JPM Up, Wells Down

April 15, 2021
Paul Muolo
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.
Read More

Will Caliber’s IPO Plan Morph Into a Franchise Sale?

April 8, 2021
Paul Muolo
There’s more than one way to turn your mortgage company into cash. One is an IPO. The other is an outright sale. Will Caliber go the latter?
Read More

CSBS Moving Forward with Standards for Nonbank Servicers

April 8, 2021
Brandon Ivey
States hope to finalize standards for nonbank servicers despite strong opposition from industry participants. Details are still being ironed out, and implementation remains a concern.
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When It Comes to MSRs, the Catchword is Deleverage

April 8, 2021
Conditions are ripe to unload servicing assets, either on a flow or bulk basis. One factor: a fear of higher tax rates.
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Broad Opposition to CFPB’s Plan to Delay End of QM Patch

April 8, 2021
Brandon Ivey
A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.
Read More

CFPB Proposal to Halt Foreclosures Until 2022 Sparks Controversy

April 8, 2021
Lisa Burden
Cowen analyst Jaret Seiberg warned the CFPB could be “setting the stage for an enforcement avalanche” against lenders that foreclose on troubled borrowers.
Read More

Grapevine: Spinning Off Genworth MI? / Waiting on an FHA MIP Cut

April 8, 2021
Maria Volkova
The long running M&A saga of Genworth and its foreign suitor finally ended this week. Also, look for an FHA MIP cut down the road?
Read More

Industry Ups Clamor Against New GSE Loan Restrictions

March 25, 2021
Dennis Hollier
Mortgage industry groups continue to put pressure on the Treasury Department and the Federal Housing Finance Agency to revisit the restrictions on the amount of loans Fannie Mae and Freddie Mac can purchase.
Read More
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