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Townstone Settlement Leaves Redlining Issues Unsettled

November 7, 2024
Shannon Clark
The CFPB’s settlement with Townstone included a relatively small fine for the lender and dropped allegations against the CEO.
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MBA Putting Emphasis on Reducing Regulatory Frictions

November 7, 2024
Brandon Ivey
The MBA is focusing on regulatory reforms to help reduce the cost of mortgages. There is also some hope that Congress will pass legislation addressing trigger leads.
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Surprise: BOK, Primis Enter the Warehouse Arena

November 7, 2024
Paul Muolo
Additional warehouse providers mean more choices for nonbank mortgage companies. But with mortgage rates headed north once again, will it matter all that much?
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Cenlar’s Fate Remains Murky; Sale Unlikely

November 7, 2024
Paul Muolo
The Cenlar regulatory saga continues. There are rumblings of a potential sale though no known offering book.
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MSR Value in the Eye of the Beholder to Some Extent

November 7, 2024
Brandon Ivey
MSR bids are currently largely rational, though a few packages sold in recent weeks at unexpected prices, according to Brian Simon, a managing director at Bungalow Funding.
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GSE Earnings and the Multifamily Story

November 7, 2024
Dennis Hollier
Despite low volumes and hints of trouble in the multifamily space, GSE profits remain remarkably healthy.
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Study Suggests More Action Needed to Address Appraisal Bias

November 7, 2024
Brandon Ivey
The study found that the Biden administration’s emphasis on reducing appraisal bias has generated some positive results.
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Economic Data Show Cup Half Full for Mortgage Market

October 31, 2024
Dennis Hollier
Economist and former PIMCO CEO Mohamed El-Erian says the U.S. economy is the cream of the crop in the developed world. And the prospects for housing finance are also looking up.
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FHFA Launches New Efforts to Reduce Costs at GSEs

October 31, 2024
Dennis Hollier
The FHFA announced an expansion of Freddie Mac’s pilot program that uses a fee-based structure as an alternative to repurchases of defective but performing loans.
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Open Banking Rule to Impact Mortgages Now and Later

October 31, 2024
Shannon Clark
The final rule doesn’t apply to mortgage companies, but the CFPB is considering a future rulemaking tied to the mortgage industry. For now, the new rule could help mortgage lenders approve more borrowers.
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