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Regulators Scrutinizing Home Equity Investment Products

October 2, 2024
Brandon Ivey
Currently, a handful of states have specific regulations for HEIs and federal oversight is limited as the Consumer Financial Protection Bureau is evaluating the market.
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Short Takes: Chase Wins Auction for NPLs From Freddie / GSE-Eligible Loans in Non-Agency MBS / RTL Securitization / More Funds From HUD to Combat Housing Discrimination

October 2, 2024
Brandon Ivey
An affiliate of JPMorgan Chase was the winning bidder on an auction by Freddie Mac of nonperforming loans with a balance of $188.3 million.
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Some Shifts in Non-Agency MBS Rating Activity in 2Q

October 1, 2024
John Bancroft
Fitch Ratings remained the top player for rating non-agency MBS in the second quarter of 2024 but the firm lost some market share.
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FHA Offers Some Concessions on Cybersecurity Reporting

October 1, 2024
Monica Hogan
FHA said the revisions more closely align with computer-security incident notification standards crafted by the federal banking agencies.
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FHLBanks Receive Climate Change Directive From FHFA

October 1, 2024
Dennis Hollier
FHFA will hold FHLBank boards and senior management accountable for planning for and adapting to the shifting risks posed by the increasing frequency and intensity of climate-related natural disasters.
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MSR Marks for Third Quarter Protected From Rate Cut

October 1, 2024
Paul Muolo
The September rate cut looks unlikely to have a major impact on the value of mortgage servicing rights.
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Short Takes: Fairway Creates Hurricane Relief Fund / Annaly Taps Rocket as Subservicer / Quantifying the Lock-In Effect / Home Equity Loan Securitizations

October 1, 2024
Brandon Ivey
Fairway Independent Mortgage Corp. established a $1.0 million fund to help with the recovery from Hurricane Helene.
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Home Equity Lending Increases in Second Quarter

September 27, 2024
Brandon Ivey
Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.
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CFPB’s Servicing Proposal a Concern in Secondary Market

September 27, 2024
Shannon Clark
The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.
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FHFA Faulted for Insufficient Disaster Recovery Efforts

September 27, 2024
Brandon Ivey
The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.
Read More
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Latest Imf News

  • Loss-Mit Removals of FHA Loans From MBS Increase in 2Q

  • Losses Shrink at loanDepot in Second Quarter; MSR Sale

  • HomeXpress Increases Originations, Profits in 2Q

  • Earnings Improve at MFA Financial in Second Quarter

More Imf News

Featured Data

  • Expanded-Credit MBS Issuance Declines in 2Q

  • Top Ginnie Servicers See Modest Growth in 2Q

  • Consumer Debt Drives New ABS to Record High in 2Q

  • Primary MI Volume, Characteristics Stable in Second Quarter

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

  • Lender Profiles 1Q26: Top 25 (PDF)

  • Mortgage Profitability Report 1Q26 (PDF)

  • Top Mortgage Players: 1Q26 (PDF)

More Latest Reports

Featured Poll

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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