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Nonbank CDFI Lender Raises $31.5M Through Private Placement

December 30, 2020
Paul Muolo

To date, the Irvine, CA-based nonbank has raised $81.5 million through the sale of preferred equity...


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Short Takes: VA Foreclosure Moratorium / KBW Downgrades Rocket / Affordability Issues

December 29, 2020
Brandon Ivey

VA's moratorium on foreclosures was scheduled to end Dec. 31.


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IG Warns FHA Could be Receiving Inaccurate Data from Servicers

December 29, 2020
Maria Volkova

HUD's IG is in the process of reviewing forbearance data provided by servicers and the relief options they offer borrowers.


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UI Analysts Suggest Federal Oversight of Nonbank Servicers

December 29, 2020
Brandon Ivey

The analysts suggested that the Federal Housing Finance Agency or the Federal Reserve should handle regulation of nonbank servicers.


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Jumbo Servicing Declines in Third Quarter

December 29, 2020
Brandon Ivey

Prepayments outpaced new production, prompting a decline in jumbo servicing volume.


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FHFA Seeks Input on GSE Appraisal Issues

December 29, 2020
Brandon Ivey

Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.


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CFPB Opts for QM Standards for ARMs Opposed by Lenders

December 28, 2020
Brandon Ivey

The CFPB noted that lenders didn't provide relevant data that had been requested by the regulator during the comment period.


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Correspondent and Broker Channels Regain Some Share of FHA/VA Market

December 28, 2020
John Bancroft

FHA/VA originations through the correspondent channel increased by 48.5% during the third quarter, bringing the channel's market share to 31.3%.


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Trump Signs Bill with Stimulus Package and Government Funding

December 28, 2020
Brandon Ivey

The signature averts a shutdown of the federal government and paves the way for stimulus payments while Trump pressures Congress to send even bigger checks.


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Federal Agencies Extend Enrollment Period for Forbearance through February

December 28, 2020
Brandon Ivey

Based on language in the CARES Act, it was possible that the enrollment period for forbearance on federally-backed mortgages would end on Dec. 31.


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Latest Imf News

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Featured Data

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More Featured Data

Featured Reports

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

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More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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