Ally to Exit Mortgage Origination Business, Again January 9, 2025 Brandon Ivey While the bank was a big player in the mortgage market before the financial crisis of 2008, its mortgage business has been limited more recently.Read More
State Regulators Fine Bayview for Cybersecurity Issues January 9, 2025 Shannon Clark The company allegedly failed to fully cooperate with state regulators following a data breach.Read More
Fitch Suggests A-Level Rating Possible for Unleashed GSEs January 9, 2025 Brandon Ivey If the GSEs comply with the Federal Housing Finance Agency’s existing capital rule, maintain strong risk-adjusted earnings and uphold a dominant market presence, a stand-alone rating in the A category could be possible for the firms.Read More
FCI Putting Emphasis on Servicing Technology January 9, 2025 Paul Muolo The non-agency servicer has 32 full-time computer programmers.Read More
Short Takes: CFPB’s Medical Debt Rule Faces Lawsuit / Thompson Stepping Down From FHFA / Phillips Joins Freddie / Better Loses Origination Partner / Mortgage Affordability January 9, 2025 Brandon Ivey The CFPB's medical debt rule is facing a lawsuit and Republican leaders in Congress want to overturn the rule.Read More
GSE Refi Characteristics Shift in Fourth Quarter January 8, 2025 John Bancroft The big gains came in high-LTV refinances, which surged to 13.6% of the sample, a 7.05 percentage point increase.Read More
FHA Establishes Servicing Oversight Policy January 8, 2025 Monica Hogan The agency had never published its method of identifying servicing defects before.Read More
Redwood Broadens Offerings of Expanded-Credit Products January 8, 2025 James Dohnert Redwood is adding DSCR, bank statement and P&L loans to its Aspire correspondent platform.Read More
FHFA’s Planned FHLBank Reforms Left to Trump Admin January 8, 2025 Dennis Hollier Proposals regarding core mission activities and FHLBank membership won't be finished prior to the start of the Trump administration.Read More
Short Takes: Housing Market Outlook / Freddie’s New CFO / Invictus Keeps Up the Pace / Lower to Let Applicants Access Underwriting Engine January 8, 2025 Brandon Ivey For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.Read More