OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”

Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.

When the measure was first introduced, one housing lobbyist quipped: “This is like someone laying on their death after drinking and sinning and finally realizing they need to get baptized. This is not being introduced for good political reasons.”

The report says that while running the agency, Mulvaney has “cherry-picked the law to promote his ideological agenda.”

Fannie Mae and Freddie Mac continue to sell NPLs but for how long?

The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.

KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…

Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.

However, average debt-to-income ratios were all over the map…

President Trump nominated Kraninger in June…