CFPB Study Suggests Mortgage Bankers Have a Diversity Problem February 16, 2022 Sam Manas Mortgage banking firms were the largest part of the sample with 104 institutions.Read More
Unison Plots Growth in Home-Equity Sharing February 16, 2022 Paul Muolo The “A” bond on the securitization pays investors 4.5%...Read More
Late Payments Decline but Serious Delinquencies are Elevated February 15, 2022 Brandon Ivey Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...Read More
A Stellar Year and Quarter for Fannie Mae, Net Worth Climbs to $47.4 Billion February 15, 2022 Paul Muolo and Dennis Hollier Fannie's net worth keeps climbing but its new CFO notes the MBS guarantor is "significantly" undercapitalized...Read More
Trade Group Wants Clarity on Nonbank Supervision February 15, 2022 Sam Manas Among other requests, the trade group wants the bureau to exempt smaller nonbanks from exams or audits...Read More
Freddie Offering Automated Assessment of Income from Direct Deposits February 15, 2022 Brandon Ivey Representation and warranty relief will be provided to lenders that use the service.Read More
Wholesale Channel Takes It On the Chin in 4Q21 February 14, 2022 Andras Malatinszky The retail channel improved its market share by 1.3 percentage points to 58.0%...Read More
Another Streamlining Move for Home Point: Nonbank Will Outsource Servicing Function February 14, 2022 Paul Muolo The third-party vendor, ServiceMac, ranks ninth among all subservicers, according to figures compiled by Inside Mortgage Finance.Read More
New Capital Requirements Expected for Nonbank Servicers February 14, 2022 Dennis Hollier Others, however, believe the regulator won't act until the Senate confirms a permanent director for the agency.Read More
Freddie Hires Wells Veteran as General Counsel, Adds Two Directors February 14, 2022 Dennis Hollier The mortgage giant finds a permanent general counsel and adds two new directors...Read More