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CBO Skeptical About GSE Public Offerings

August 20, 2020
Dennis Hollier
Even under modest assumptions, Fannie and Freddie likely won’t have enough available equity to make a sale of common worthwhile.
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California's State-Level CFPB Plan Back on the Table

August 20, 2020
Yemeng Yang
Mortgage firms in California may face expanded scrutiny over unfair, deceptive and abusive practices, if the proposal passes through.
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Fannie Forecasts $2.1 Trillion in Refis for 2020

August 20, 2020
Dennis Hollier
Despite a sharp drop in GDP in the second quarter, Fannie economists expect mortgage originations to reach $3.4 trillion in 2020, the most since the banner year of 2003.
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Industry Relying on Vendors to Process Relief Requests

August 14, 2020
Maria Volkova
With regulations constantly changing and a new relief package in the offing, lenders are increasingly falling back on workflow automation vendors.
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COVID Exposes Vulnerability of Black-Owned Banks

August 14, 2020
Dennis Hollier
In 2008, there were 49 depositories with at least 51% Black ownership. By the first quarter of 2020, that number had fallen to just 21.
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Lenders Get Smacked with 50BP LLPA on GSE Refis

August 13, 2020
Dennis Hollier and Paul Muolo

In a surprise move late Wednesday, the GSEs installed a new 50-basis-point LLPA on most refis. Needless to say, lenders feel betrayed.


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Ocwen Once Again Raises the Specter of a Sale. Doable?

August 13, 2020
Paul Muolo
In a booming origination market, a rising tide lifts all boats. Could this possibly lead to a sale of Ocwen Financial?
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A Week After its IPO, Rocket Comes Back Down to Earth

August 13, 2020
Paul Muolo
Rocket Companies went public a week ago amid the lowest mortgage rates in U.S. history. How’s the stock doing? Funny, you should ask.
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CFPB Enforcement Actions on the Rise, Warn Attorneys

August 13, 2020
Yemeng Yang
The mortgage industry can expect more enforcement actions from the Consumer Financial Protection Bureau for the rest of the year, particularly related to fair lending issues, according to stakeholders.
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HUD Considering Changes to Downpayment Assistance Rule

August 13, 2020
Maria Volkova
HUD's delinquency report shows that 11.50% of loans in the seriously delinquent category involved DPA provided by relatives, while only 9.07% of those with DPA financed by government entities were in the seriously delinquent category.
Read More
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