Atlanta Nonbank Denies Margin Call Allegation December 8, 2022 Paul Muolo The lawsuit was filed in U.S. District Court for the Southern District of Florida, but then dismissed without prejudice.Read More
Penalties Paid to the CFPB Almost Triple December 8, 2022 Sam Manas The bureau spent $378.0 million on salary and benefits in 2022...Read More
Lawsuits Against Non-QM Lender Keep Sprouting Up December 8, 2022 Sam Manas Merchants Bank, among others, is seeking a summary judgment against Sprout...Read More
Short Takes: A Big Layoff at Vendor Doma / Estimated Cost Savings / Landing Elsewhere / A Dividend Trim / Help From a Parent December 8, 2022 Paul Muolo, Monica Hogan, and Sam Manas
The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender December 7, 2022 Paul Muolo The seller is Reza Jahangiri, who founded the company in 2004.Read More
Banks to the CFPB: Automatic Refis? I Don't Think So December 7, 2022 Sam Manas Banks wouldn’t hold such loans in portfolio because of the elevated interest rate risk.Read More
Fannie Updates DU to Include Borrowers with No Credit History December 7, 2022 Dennis Hollier Despite the outreach, borrowers will still be subject to a 50% debt-to-income ratio cap...Read More
CFPB Won’t Penalize New HMDA Reporters for Not Filing Certain Data December 7, 2022 Sam Manas The NCRC sued the CFPB arguing the new threshold was arbitrary and capricious.Read More
Fannie, Freddie Deliveries Continue to Slide in November December 6, 2022 Dennis Hollier In the fourth quarter of 2020, the GSE market share peaked at 64.0%.Read More
Nonbanks Raised $4B of Capital in 2022. As for Next Year… December 6, 2022 Paul Muolo BTIG believes the "near-term opportunity" favors more of a valuation recovery story for the mortgage stocks it covers...Read More
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