Mortgage Lenders Support CFPB Proposal on ATR for PACE Loans August 16, 2023 Namrata Bhatia There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.Read More
Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm August 16, 2023 Brandon Ivey The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.Read More
Ginnie Issuance Slows in July on FHA Activity August 15, 2023 Monica Hogan FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.Read More
Jury Awards GSE Shareholders $612 million August 15, 2023 Dennis Hollier A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.Read More
UBS Settles with DOJ on Pre-2008 Claims August 15, 2023 Brandon Ivey The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.Read More
Banks Pull Back on Mortgage Lending, Pinching Profits August 15, 2023 James Dohnert While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More
Ginnie Mae Wants to Help Nonbanks Cope With High Interest Rates August 11, 2023 Monica Hogan Ginnie President says nonbank liquidity problems due to high interest rates are "the biggest challenge of our time."Read More
Select Portfolio Servicing Placed Into a ‘Bad Bank’? August 11, 2023 Paul Muolo Has UBS given up on owning a servicer?Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More