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FHFA Backs Down on Planned DTI Fee

May 11, 2023
Dennis Hollier
The Federal Housing Finance Agency has withdrawn the controversial fee the GSEs planned to charge based on a borrower’s debt-to-income ratio.
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Colonial Ponders Selling MSRs as Bank Exodus Continues

May 11, 2023
Paul Muolo
More banks are considering leaving the residential lending/servicing sector or scaling back. Will these decisions, made during tough times, come back to haunt them?
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Trade Groups Ask CFPB For LO Comp Flexibility

May 11, 2023
Sam Manas
As the CFPB reviews its mortgage loan originator rules, trade groups called on the bureau to allow lenders to lower LO compensation.
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About Those Expected Interest Rate Cuts...

May 11, 2023
Dennis Hollier
The “sea of red” in the mortgage bond market probably isn’t going to be enough to get the Federal Reserve to reduce interest rates, according to industry experts.
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A Long Shot of Sorts: Rithm Spinning Off Its Mortgage Company

May 11, 2023
Paul Muolo
Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent?
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Business-Purpose Lending Down, But Still Profitable

May 11, 2023
James Dohnert
Lenders that focus on non-agency business-purpose lending are seeing success while traditional mortgage lenders struggle.
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Lenders Call for Updates to FHA Condo Loan Process

May 11, 2023
Monica Hogan
The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans.
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Debt Ceiling Standoff Troubles Mortgage Industry

May 4, 2023
Monica Hogan
The government could default on its debt obligations as early as June 1, the Treasury Department warned. The development could have major ramifications for mortgage lenders and the broader economy.
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Chase Acquires First Republic With Help From FDIC

May 4, 2023
James Dohnert
The FDIC closed First Republic Bank this week and JPMorgan Chase acquired substantially all of the bank, with help from a loss-sharing agreement provided by the FDIC.
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Another Servicer Becomes Available: SLS

May 4, 2023
Paul Muolo
Merger and acquisition activity is heating up, but most of it centers on mortgage servicing rights, huge blocks of it. Not only is SPS in play, but so too is SLS.
Read More
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