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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.
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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…
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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…
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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.
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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.
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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.
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Retail Channel Posted Highest FICO Scores in 3Q18

November 30, 2018
John Bancroft
However, average debt-to-income ratios were all over the map…
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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.
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Senate Moves Ahead with Kraninger’s CFPB Nomination

November 30, 2018
Yemeng Yang
President Trump nominated Kraninger in June…
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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.
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