FHA Establishes Servicing Oversight Policy January 8, 2025 Monica Hogan The agency had never published its method of identifying servicing defects before.Read More
Redwood Broadens Offerings of Expanded-Credit Products January 8, 2025 James Dohnert Redwood is adding DSCR, bank statement and P&L loans to its Aspire correspondent platform.Read More
FHFA’s Planned FHLBank Reforms Left to Trump Admin January 8, 2025 Dennis Hollier Proposals regarding core mission activities and FHLBank membership won't be finished prior to the start of the Trump administration.Read More
Short Takes: Housing Market Outlook / Freddie’s New CFO / Invictus Keeps Up the Pace / Lower to Let Applicants Access Underwriting Engine January 8, 2025 Brandon Ivey For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.Read More
CFPB Issues Final Rule to Remove Medical Debt From Credit Reports January 7, 2025 Shannon Clark Medical debt will soon be wiped away from consumer reports under a new rule.Read More
Banks Add MBS, ABS to Trading Accounts January 7, 2025 John Bancroft Bank holding company trading accounts saw a 3.9% increase in total residential MBS holdings in the third quarter.Read More
State Regulators Expected to Fill Void Under Trump January 7, 2025 Shannon Clark “We can continue to expect [states] to be as active and maybe even more so this time around,” said Kathryn Ryan, a partner at Orrick.Read More
Similarities in New VantageScore Compared With FICO January 7, 2025 Dennis Hollier Despite the similarities in results from the scoring models, there are some major differences in how the scores are constructed.Read More
Short Takes: Rocket Fueling Redwood’s MBS / Wells Fargo’s Asset Cap / Chase’s Servicing Unit / Homeowners Plan to Stay Put January 7, 2025 Brandon Ivey Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.Read More
CFPB Sues Berkshire's Vanderbilt Mortgage for TILA Violations January 6, 2025 Shannon Clark Among the allegations: Vanderbilt approved a loan for a family with 33 debts in collection...Read More
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