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Lenders Raise the Bar for Self-Employed Borrowers

June 18, 2020
Brandon Ivey
The GSEs and non-agency lenders are asking self-employed borrowers to submit more documents than what was required earlier this year.
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Flow MSR Bids Return but Mostly for GSE Product

June 18, 2020
Paul Muolo
The flow MSR market was all but dead a month ago but a revival of sorts is now underway. But don’t get too excited. Pricing isn’t great for sellers.
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Lawmakers Seek Probe into Rules for DACA Recipients

June 18, 2020
Maria Volkova
HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.
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California Issues Final Rule on Consumer Privacy Law

June 18, 2020
Yemeng Yang
While it is unclear how the attorney general would approach the enforcement efforts, the penalties for violations could be hefty and accumulate quickly.
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Fannie and Freddie Hire Underwriting Advisors

June 18, 2020
Dennis Hollier
Industry stakeholders believe this is a sign the GSEs are on track to undergo their long-expected public offerings.
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Subservicing Gains Get Downsized by Coronavirus

June 11, 2020
Paul Muolo
Subservicing firms continued to grow in the first quarter, albeit at a slower pace. The reason: Coronavirus and a lack of flow deals. (Includes data chart.)
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FHA’s New Forbearance Policy Could Spark Additional LLPAs

June 11, 2020
Paul Muolo
The jury is still out on FHA’s new forbearance policy but the early reviews haven’t been good. Still, it’s better than nothing. Right?
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Industry Veteran McCord Indicted on Fraud Charges

June 11, 2020
Dennis Hollier and Paul Muolo
Oklahoma-based First Mortgage’s former President Ron McCord faces 24 counts of bank fraud, money laundering and making a false statement to a financial institution.
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FHFA Chief Defends GSE Capital Rule in Senate

June 11, 2020
Dennis Hollier
Lawmakers questioned Federal Housing Finance Agency Director Mark Calabria on a wide range of issues, including extending the timeline, and expanding the scope, of the eviction moratorium.
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Mixed Trends in Mortgage Performance as May Drew to a Close

June 11, 2020
Brandon Ivey
Forbearance requests leveled off near the end of May but the share of borrowers missing payments while in forbearance increased.
Read More
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Latest Imf News

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