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COVID-19 Forbearance Tallies Continue to Shrink

July 29, 2021
Monica Hogan
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.
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Grapevine: Harping on Ginnie / Who Will Ultimately Lead FHFA?

July 29, 2021
Paul Muolo
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.
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And Just Like That, FHFA Drops Adverse Market Fee

July 22, 2021
Dennis Hollier
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?
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What Happened to the Anticipated MSR Sales Boom?

July 22, 2021
Paul Muolo
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.
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New FDIC Proposal Aims to Simplify Deposit Rules for Servicing

July 22, 2021
Maria Volkova
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.
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Blend’s IPO Prices at Top of Range, Stock Starts Strong

July 22, 2021
Brandon Ivey
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.
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A Healthy Mortgage Jobs Picture? Looks That Way

July 22, 2021
Paul Muolo
Mortgage hiring remains strong, even in the face of declining rates. However, the salary boom for rank-and-file staffers is a thing of the past.
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Flood Insurance in Spotlight as FEMA Examines Policies

July 22, 2021
Brandon Ivey
Fannie Mae called upon FEMA to provide improved disclosures while some industry stakeholders suggested expanding the areas subject to mandatory flood insurance.
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Top Republican Wants Uejio to Testify About His Actions

July 22, 2021
Lisa Burden
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.
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Higher Capital Standards: Trouble Ahead or a Good Thing?

July 15, 2021
Paul Muolo
The government wants its MBS servicers to have more cash on hand, just in case. But what about Fannie and Freddie?
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