Ginnie Promotes Valverde, Seeks New COO March 2, 2023 Monica Hogan Ginnie promoted Sam Valverde to principal executive vice president and is seeking a new executive vice president and chief operating officer to replace him.Read More
Few Signs of Improvements on Profitability for Lenders March 2, 2023 Paul Muolo “Profits? What’s that,” one veteran warehouse executive asked, in jest.Read More
Redwood Stocks Latest MBS with Older Loans, Some Expanded-Prime March 2, 2023 Brandon Ivey Redwood's latest MBS includes somewhat older loans and a mix of super-prime mortgages and expanded-prime collateral.Read More
Short Takes: Fannie’s Appraisal Change / Businesses Seek Intervention by Congress on FTC’s Noncompete Proposal / No Layoffs at UWM / Angel Oak’s REIT Rebrands March 2, 2023 Brandon Ivey Fannie Mae is "moving away from implying that an appraisal is a default requirement."Read More
CFPB Likely to Survive Supreme Court Challenge March 1, 2023 Brandon Ivey The CFPB's funding structure may be found to be unconstitutional, but that doesn't mean that the regulator will go away...Read More
Ginnie's McCargo: Issuers Weathering the Mortgage Storm. However... February 28, 2023 Brandon Ivey Issuers are largely meeting Ginnie's capital requirements, though liquidity remains a concern.Read More
CRT Issuance Facing Regulatory Hurdles February 27, 2023 Brandon Ivey The SEC’s proposed rule on conflicts of interest in the securitization market would limit many types of CRT issuance...Read More
FHFA Delays Rule Requiring Prior Approval of New GSE Products February 24, 2023 Dennis Hollier The rule was scheduled to go into effect Feb. 27...Read More
FHFA Proposes Changes to GSE Capital Rule February 23, 2023 Dennis Hollier The new rule should please critics of the fee for commingled securities.Read More
Cerberus Affiliate Aggregates Seconds From Rocket, Spring EQ February 23, 2023 Brandon Ivey Up until now, FirstKey’s securitization activity has been focused on seasoned collateral.Read More
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