California Nonbank CRA Bill Scaled Back (For Now) April 12, 2022 MBA said the action to “remove the most detrimental aspects of the bill” was in response to an advocacy campaign...Read More
Rate-Lock Woes Hit Non-QM Lenders April 11, 2022 One problem: Non-QM lenders haven't been hedging their pipelines...Read More
Across the Board Pain for Structured Finance in 1Q22 April 11, 2022 John Bancroft The silver lining is that agency purchase-loan business was up 4.0% from the first three months of 2021. That’s a promising sign...Read More
Getting Into Conservatorship? Easy. Getting Out? Hard April 11, 2022 Dennis Hollier The most obvious is a series of complex conversations that must take place between FHFA and Treasury...Read More
GSE Originators Move to Loosen Credit Standards April 8, 2022 Namrata Bhatia In the first quarter of 2022, 16.46% of loans securitized by Fannie and Freddie had credit scores ranging from 620 to 699...Read More
In the MSR Market, It’s the ‘Best of Times’ April 8, 2022 Paul Muolo While lenders struggle with sharply lower application volumes, the MSR market is ripe with deals...Read More
Fannie Offers Alternative to Title Insurance April 8, 2022 Dennis Hollier For some lenders, an opinion letter written by a qualified attorney may be cheaper and more efficient than title insurance.Read More
Lenders Urged to Keep an Eye on LO Usage of Social Media April 8, 2022 Monica Hogan Monitoring compliance is crucial for originators to avoid violating consumer protection rules...Read More
The Correction is Here: 1Q22 MBS Issuance Down 37% April 7, 2022 John Bancroft As might be expected, most of the erosion has been in the refinance market.Read More
Sources: Non-QM Lender Sprout Trims Staff April 7, 2022 Paul Muolo At press time, Long Island-based company, started by Alt A veteran Michael Strauss, could not be reached for comment.Read More
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