Finance of America Granted Waiver from Fannie March 31, 2022 Paul Muolo Two senior executives are leaving FoA: Patricia Cook and Bill Dallas...Read More
GSE Regulator Addresses Latinos and Conventional Loans March 31, 2022 Dennis Hollier Thompson: “We’re charging the enterprises with making sure they look at all parts of the mortgage process"...Read More
CRA Overhaul Likely to Maintain Qualitative Factors March 31, 2022 Sam Manas Some stakeholders have gripes with how qualitative factors and examiner judgments are used...Read More
Short Takes: Tightening the Rules on SPACs / Still Hoping… / Time to Expand? / Rates / A Cut in FHA Premiums? March 31, 2022 Paul Muolo A new regulatory reality for SPACs?Read More
Waters Seeks New Federal Agency to Regulate Appraisals March 30, 2022 Sam Manas Among other things, the bill would establish a federal database of appraisers and appraisal valuations, while strengthening penalties for discrimination...Read More
OCC Applying ‘Heightened Standards’ to Subservicing Giant Cenlar March 30, 2022 Paul Muolo This past fall, the OCC issued a consent order against Cenlar, citing “identified deficiencies” in regard to its subservicing business...Read More
Amid Issuance Slowdown, Bayview Offers GSE IPL Deal March 30, 2022 Brandon Ivey The mortgages have seasoned for an average of 5.7 months and have a coupon of 3.65%...Read More
Bump in Servicing Income Not Enough to Offset 4Q Production Drop March 30, 2022 Brandon Ivey The writing is on the wall: It's time for mortgage originators to cut costs...Read More
A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
16-Year Fannie Mae Veteran Gives Notice March 29, 2022 Dennis Hollier Kimberly Johnson joins long list of GSE execs headed to the (real) private sector.Read More
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