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Freddie Posts New Mission-Driven Discounts

January 7, 2021
Dennis Hollier
To meet FHFA’s new mission-driven purchase volume requirements, Freddie Mac will modify its guarantee-fee discounts for low-, very-low- and moderate-income loans.
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Grapevine: A Rising 10-Year and a Shift in the Power Grid

January 7, 2021
Paul Muolo
Rates are rising and that means an end to the refi boom? Don’t bet on it.
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OIG Warns of COVID-19-Related Challenges for HUD in FY21

December 23, 2020
Maria Volkova
HUD could face challenges in ensuring that complete data is received from servicers regarding loans in forbearance, necessary for the processing of future claims.
Read More

What Happens After Forbearance Ends?

December 18, 2020
Dennis Hollier
According to the U.S. Census Bureau, 19.4% of Black borrowers missed or delayed their September mortgage payment. The University of Southern California’s Understanding America Study put the figure at just 5.9%.
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NCUA Considering Allowing Sale of MSRs Among Credit Unions

December 17, 2020
Brandon Ivey
The proposal, if issued, will allow credit unions to purchase MSRs as an investment.
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Mergers and Acquisitions? See You in 2Q21 (Maybe)

December 17, 2020
Paul Muolo
It’s been slow going when it comes to the sale of mortgage companies. But 2021 shows some promise — as long as rates don’t tank again.
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New QM Standards: A Few Wins and Losses for Lenders

December 17, 2020
Brandon Ivey
QM status will no longer be tied to whether a loan is eligible for sale to the GSEs, potentially prompting a shift toward non-agency mortgages.
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CHLA Seeks Exemption for Smaller Nonbank Servicers

December 17, 2020
Yemeng Yang
State regulators should propose thresholds to relieve smaller nonbank servicers from certain regulatory requirements, said the CHLA.
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Coming Soon: All National Guard Members Eligible for VA Loans

December 17, 2020
Maria Volkova
New legislation would extend zero-downpayment loans to more than 400,000 Guard members.
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Does Net Worth Sweep Mean Nationalization of the GSEs?

December 10, 2020
Dennis Hollier
Justice Stephen Breyer raised eyebrows by characterizing the government’s net worth sweep of Fannie Mae and Freddie Mac profits as nationalization of the GSEs.
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