Appeals Court Revives CFPB’s Lawsuit Against Townstone July 12, 2024 Shannon Clark The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.Read More
Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
Originations Jump at Chase, Wells in Second Quarter July 12, 2024 Brandon Ivey Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More
CFPB Issues Proposed Rule on Servicing Standards July 11, 2024 Shannon Clark The proposal has some positives and some negatives for servicers.Read More
GSE Conforming Jumbo Volume Spikes in Second Quarter July 11, 2024 James Dohnert Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.Read More
The Appraisal Foundation Reaches Settlement With HUD July 11, 2024 Brandon Ivey The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.Read More
FHA Revises Proposal on Servicing Defect Taxonomy July 11, 2024 Brandon Ivey The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.Read More
Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows July 11, 2024 Brandon Ivey The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.Read More