VA Prepares to Move Against Abusive Cash-Out Refis, but Details are Light December 3, 2018 John Bancroft The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.Read More
Prime Non-agency MBS May Plateau, Nonprime and Expanded Prime Expected to Grow December 3, 2018 Brandon Ivey KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…Read More
FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others December 3, 2018 Paul Muolo The specific nature of the allegations was not disclosed…Read More
Freddie Brings Conventional Financing to New Generation of Manufactured Homes December 3, 2018 Dennis Hollier Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.Read More
Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive December 3, 2018 Paul Muolo Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission. Read More
White House May Announce an Interim FHFA Director; Meanwhile, Mnuchin Rumors Unravel November 30, 2018 The White House is moving closer to naming an interim successor to Federal Housing Finance Agency Director Mel Watt, whose term is set to expire in early January, industry sources told Inside MBS & ABS this week.Read More
Retail Channel Posted Highest FICO Scores in 3Q18 November 30, 2018 John Bancroft However, average debt-to-income ratios were all over the map…Read More
Mortgage Servicers in the Crosshairs of the CFPB? November 30, 2018 Yemeng Yang “We’ve seen a number of new CIDs issued by the CFPB,” said Ben Olson, a partner at Buckley Sandler.Read More
Senate Moves Ahead with Kraninger’s CFPB Nomination November 30, 2018 Yemeng Yang President Trump nominated Kraninger in June…Read More
Bank ABS Holdings Slide Lower in 3Q18 November 30, 2018 John Bancroft Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.Read More