CFPB's Chopra Reminds That Nonbanks Remain a Key Part of His Agenda October 4, 2022 Sam Manas Chopra said the CFPB must be the "financial first responders" if consumers are subjected to systemic abuse...Read More
Banks Boost 2Q22 MBS/ABS Held in Trading Accounts October 4, 2022 John Bancroft At midyear, bank holding companies valued their agency MBS held for trading at $219.07 billion...Read More
ARM Share Breaks Through the 12% Threshold October 3, 2022 Brandon Ivey The nation's top-three ARM lenders: Bank of America, Chase and Wells Fargo...Read More
Angel Oak Gets Line of Credit Extension October 3, 2022 Paul Muolo The facility was negotiated a few days ago through AOMI subsidiary Peachtree Mortgage....Read More
FHA Seeks Industry Feedback on Low-Balance Lending October 3, 2022 Monica Hogan FHA’s Title II program provides limits on the maximum loan amount but doesn’t set a floor...Read More
CMBS Valuation Practices Face Scrutiny in Wake of Trump Lawsuit October 3, 2022 Brandon Ivey The NY AG makes numerous allegations regarding property valuations, including on a loan that went into a commercial MBS.Read More
Its Fortunes Fading, loanDepot Execs Granted Pay Raises September 30, 2022 Retention bonuses that could reach 300% of base pay also were granted...Read More
COVID Crisis Hammered MBA’s Bottom Line in FY 2021 September 30, 2022 Paul Muolo MBA's John Mechem: "The COVID pandemic forced us to move all our in-person conferences in the covered period to online"...Read More
Securitization Rates Tumble in Second Quarter September 30, 2022 John Bancroft Even with less competition from the non-agency market, the GSEs securitized only 81.5% of conventional-conforming originations in 2Q...Read More
DOJ, Lakeland Bank Reach $13 Million Mortgage Redlining Settlement September 30, 2022 Sam Manas Under the settlement, the bank will invest at least $12 million in a loan subsidy fund for the affected areas...Read More
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