In a Tough Investor Market, PennyMac (the REIT) Issues Debt July 6, 2022 Paul Muolo The five-year notes offer a yield of 419 basis points above SOFR...Read More
Former CFPB Attorney Wonders About the Agency’s Posted Agenda July 6, 2022 Sam Manas In a recent blog post, CFPB Director Rohit Chopra said the bureau was reviewing the QM rule...Read More
MBA Sees Progress in Loan Officer Remote Work Legislation July 6, 2022 Sam Manas However, as MBA points out, it can sometimes take longer to get things done in California...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
The Next Shoe to Drop on Mortgage Stocks: Credit Concerns? July 5, 2022 Paul Muolo Credit concerns are not yet a problem, or much of a concern, in the mortgage industry...Read More
CFPB: State Laws Can Exceed Bounds of FCRA July 5, 2022 Sam Manas States also can enact laws governing whether information related to eviction or rental arrears appear on credit reports.Read More
GSEs Update Seller/Servicers on Recent Equifax Coding Snafu July 5, 2022 Dennis Hollier More importantly, the inaccurate credit scores won’t render the loans ineligible for purchase.Read More
Short Takes: A Cut In FHA Premiums? (Again) / The Power of the President / Stocks Ugly, Bonds Pretty / M&A Roundup / Notable New Hires July 5, 2022 Paul Muolo A matter of when on FHA premiums?Read More
PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
FHFA Undeterred by Criticism of New MBS Fee. However… July 1, 2022 Dennis Hollier The new fee was roundly criticized by MBS investors...Read More
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