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CSBS Hit With Gripes Regarding Nonbank Supervision

January 7, 2021
Brandon Ivey

The regulatory language — years in the making and prompted by the growing market share of nonbank servicers — addresses capital, liquidity, stress testing and risk management among other things.


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Trade Groups Line Up to Condemn ‘Mob’ Action on Capitol Hill

January 7, 2021
Paul Muolo

Among those filing missives: the American Land Title Association, Mortgage Bankers Association, National Association of Realtors, and the Structured Finance Association.


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Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves

January 7, 2021
Yemeng Yang and Paul Muolo

Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios...


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Another Push for Bundled Services, This One From a CFPB Task Force

January 6, 2021
Yemeng Yang

The idea of settlement services packaging is not new...


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The Final Agency MBS Count for 2020: A Record Setting $3.15 Trillion

January 6, 2021
John Bancroft

What's more, the GSEs upped their share of the agency market to 75.8%, and dominated the overall single-family market as well...


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Impairment Rate on Non-QMs Declines in November

January 6, 2021
Brandon Ivey

The impairment rate didn't decline across the board. It increased for bank statement loans.


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A Tough Year Ahead for Mortgage Compliance?

January 6, 2021
Paul Muolo

Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.


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Fannie and Freddie Set to Increase Commitment to Manufactured Housing, More...

January 5, 2021
Dennis Hollier

On the rural housing front, Freddie expects to increase its SFI purchase target from 3,600 to 3,900 loans in 2020 to as much as 4,800 units this year...


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Ginnie Forbearance Reading At Highest Level Since November

January 5, 2021
Paul Muolo

Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.


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Guaranteed Rate to Buy Stearns; Blackstone Will Get Part of GR

January 5, 2021
Paul Muolo

One twist: As part of the proposed transaction, Blackstone will take a stake in the Chicago-based GR. However, no specifics were provided.

 


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