The Trump administration should make the capital framework, pricing and underwriting standards of Fannie Mae and Freddie Mac more transparent and available to the public, according to the U.S. Mortgage Insurers, a trade group representing five of six private MIs.
First-time homebuyers are now choosing conventional loans with private mortgage insurance more than FHA loans, according to researchers at Genworth Mortgage Insurance. The shift took place in the second quarter when, for the first time, loans with private MI became the leading product for FTHBs.
The Consumer Financial Protection Bureau hinted at possible future rulemaking on the use of the disparate-impact theory under the Equal Credit Opportunity Act. Attorneys said it would be a significant development in fair lending law.
Computershare Loan Services has a message for the residential finance sector: If you’re looking to sell mortgage servicing rights, CLS wants to talk to you.
Although industry-wide mortgage production was relatively stable during the third quarter, lenders up and down the ranking reported significantly different trend lines. [Includes one data chart.]
Mortgage originations tapered off slightly from the second to the third quarter of 2018, according to a new analysis by Inside Mortgage Finance. [Includes one data chart.]
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.
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