Lender Facing Loss After Setback in Appraisal Case December 16, 2021 Brandon Ivey Fannie Mae discovered the encroachment during an audit...Read More
The Fed Accelerates End of MBS Purchases December 16, 2021 Dennis Hollier Three interest rate hikes from the Fed next year? Could be...Read More
Agencies Review QRM. Conclusion: Carry On December 15, 2021 Brandon Ivey Federal regulators started their review of risk-retention standards for residential MBS in December 2019. The review ended with no action this week.Read More
Can Cash-out Refis Buffer the Layoff Picture? December 15, 2021 Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.Read More
Securitization Rate Declines as Agency Footprint Shrinks December 15, 2021 John Bancroft Originations of conventional-conforming and government-insured mortgages declined by 4.5% during 3Q21...Read More
Fix-and-Flip Lender Pays 6% for Five-Year Paper December 15, 2021 Paul Muolo The fix-and-flip market has been red hot the past five years, but...Read More
Biden Formally Nominates Thompson to Lead FHFA December 14, 2021 Dennis Hollier David Stevens, a former FHA commissioner, and an advisor to the Biden presidential campaign, said he was delighted with the nomination.Read More
Slow but Steady Growth for the Subservicing Sector December 14, 2021 Paul Muolo The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...Read More
Fannie and Freddie on Crypto: Convert to Cash, Then Season It December 14, 2021 Dennis Hollier Freddie's lender bulletin emphasizes the enterprise's aversion to Bitcoin, Ethereum etc...Read More
Banks Report 3Q21 Decline in Mortgage Repurchases December 14, 2021 John Bancroft Wells Fargo repurchased $46.0 million of residential loans during the third quarter, tops among all depositories...Read More