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Grapevine: Appraisal Bias; Lenders Embracing WFH for Long Term

September 23, 2021
Brandon Ivey
Freddie finds trends of bias in appraisal practices; Freedom Mortgage and Mr. Cooper will allow employees to work from home long term.
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Industry Cheers as FHFA Suspends Parts of the PSPAs

September 16, 2021
Dennis Hollier
Trade groups run a victory lap over the Biden administration decision to end Trump-era restrictions on the GSEs.
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Surprise: FHFA Introduces New GSE Capital Mandates

September 16, 2021
Dennis Hollier
For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.
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Investors Like the Sound of ‘FHFA Director Calhoun’

September 16, 2021
Dennis Hollier
Analysts speculate on the apparent choice of Mike Calhoun as FHFA director even though the White House has yet to formally nominate him.
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Wells Still No. 1 in MSRs, but OCC Sanctions Loom Large

September 16, 2021
Paul Muolo
Wells Fargo could clean up as a seller of mortgage servicing rights (if it wanted to) but a new round of sanctions is clouding its future in residential finance.
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Non-QM Lenders Ready to Move Forward After COVID

September 16, 2021
Brandon Ivey
Non-QM lenders believe the market is going to grow. The optimism has yet to be reflected in market share, but there’s always next year.
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Biden’s Affordable Housing Plans Raise Some Concerns

September 16, 2021
Dennis Hollier
Trade groups criticize funding mechanisms of Biden plans to promote affordable housing and fair lending while also saying the blueprints aren’t ambitious enough.
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Grapevine: A Mixed Opinion of Calabria? Squirrels?

September 16, 2021
Paul Muolo and Monica Hogan
Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.
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A Strong Showing for Warehousers in 2Q21 But It Ain’t 2020

September 9, 2021
Paul Muolo
As originations go, so goes the warehouse sector. In 2Q21, commitment levels reached a new high but borrowing nonbanks are now trimming how much credit they will need for the rest of the year. (Includes data chart.)
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Originations Begin to Slow — But Not Everywhere

September 9, 2021
Paul Muolo
It’s assumed that third-quarter originations will be down compared to 1Q and 2Q, but lenders remain sanguine about the short term. Also, some are finding solace in non-QM production.
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Featured Data

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