NCUA Head Sees Warning Signs in HELOC Activity June 21, 2023 Brandon Ivey "Warning signs are also flashing on the horizon," according to Todd Harper, chair of the National Credit Union Administration.Read More
DSCR Lenders Turn to Lower-Ratio Loans June 21, 2023 James Dohnert Some lenders note that they’re comfortable approving DSCR loans with ratios of less than 1.0 due to expectations that rents will rise.Read More
Short Takes: MSR Offerings / Support for New ‘Trigger Lead’ Bill / Housing Inventory Hits Record Low / CRT From Freddie June 21, 2023 Brandon Ivey and Paul Muolo Plenty of MSRs available for sale.Read More
Money Managers Add MBS to Portfolios June 20, 2023 John Bancroft Money-market funds and other investors helped to fill some of the void in the MBS market as the Fed and banks reduced their holdings in the first quarter.Read More
Consumer Direct Unit Changes Hands Among Smaller Banks June 20, 2023 Brandon Ivey BNC National Bank sold its consumer direct lending unit to First Federal Bank.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
Wells Holds On to Top Servicer Spot June 16, 2023 John Bancroft Wells Fargo could be dethroned as the largest mortgage servicer shortly.Read More
CFPB Plans Proposal to Streamline Servicing Standards June 16, 2023 Brandon Ivey Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.Read More