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House Passes FY24 Funding Omnibus in Bipartisan Vote

March 7, 2024
Monica Hogan
The six-bill appropriations package, which includes FY2024 funding for the departments of Housing and Urban Development and Veterans Affairs, now heads to the Senate.
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Warehouse Lenders Willing to Be Flexible in Tough Times

March 7, 2024
Brandon Ivey
As long as struggling mortgage companies show that they’re on the path to profitability, warehouse lenders say they have their back.
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Banner Bank Settles Wage Theft Lawsuit for $15 Million

March 7, 2024
Shannon Clark
Banner Bank denied the allegations, but said it agreed to a class settlement to fully focus on its core business.
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Texas Wildfire Reinforces Property Insurance Issues

March 7, 2024
James Dohnert
The impact climate change-related natural disasters are having on the property insurance sector is not limited to Texas, according to experts.
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White House Faces Deadline on Warrants on GSE Stock

March 7, 2024
Dennis Hollier
The approaching expiration of Treasury’s warrants on Fannie and Freddie stock and the possibility of a second Trump administration have revived debate on the potential end of the conservatorship of the GSEs.
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HUD Extends Multifamily Risk-Sharing Program

March 7, 2024
Monica Hogan
The Mortgage Bankers Association has opposed the extension of the risk-sharing program, which provides capital to housing finance agencies that offer FHA loans for affordable multifamily rental properties.
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NYCB Gets $1B Investment; MSR Sales Speculation Cools

March 7, 2024
Brandon Ivey
The equity investment is led by Liberty Strategic Capital, a firm headed by former Treasury Secretary Steven Mnuchin.
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TPO Channels Gain Share in 2023 Originations Slump

February 29, 2024
John Bancroft
Wholesale-broker platforms took a significantly bigger share of the shrinking refinance market in 2023 as consumer-direct/retail volume lost ground. (Includes six data tables.)
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Banks Could Prevail in Escrow Case Before SCOTUS

February 29, 2024
Shannon Clark
Questions posed by Supreme Court justices during oral arguments suggest the court could rule in favor of banks seeking preemption from state laws requiring interest payments on mortgage escrow accounts.
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Fannie Rolls Out Buyback Alternative

February 29, 2024
Dennis Hollier
The new program will help reduce the number of buyback requests lenders receive for loans that are defective but still performing.
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