Treasury Likes Fintech but CSBS Has Major Concerns on Handing Out Charters August 1, 2018 Yemeng Yang The report makes more than 80 recommendations related to fintech and nonbank financial policy. Read More
New Report: Over Half of Flawed FHA Loans Were Cured August 1, 2018 George Brooks Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable. Read More
Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers August 1, 2018 George Brooks and Paul Muolo A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA... Read More
USDA to Charge Lenders ‘Tech Fee’ for Use of AU System July 31, 2018 George Brooks HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Carisa Chappell and Paul Muolo Layton said Freddie is exploring the use of additional credit risk transfers...Read More
FHA/VA Serious Default Rates Down in 2Q18 July 30, 2018 John Bancroft FHA officials are worried about rising concentrations of higher-risk loan characteristics…Read More
Certain Industry Factions Concerned About Growing GSE Footprint in Multifamily July 30, 2018 Carisa Chappell Fannie and Freddie have increased their market share in multifamily to 60 percent compared to 52 percent two years ago, according to former Obama administration official Michael Stegman…Read More
Buck Up, Nonbanks. The FHLB Chicago is on Your Side July 30, 2018 Paul Muolo REITs exploited the captive loophole earlier in the decade, gaining access to low-cost FHLBank advances.Read More
Speculation Mounts: Will Watt Step Down Early from the FHFA? July 30, 2018 Paul Muolo EEO investigations, according to one observer, must be completed within 180 days.Read More
Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource July 30, 2018 Carisa Chappell, Brandon Ivey, and Paul Muolo In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…Read More
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