Freddie: WI Certificates Update August 3, 2022 Dennis Hollier These new placeholder certificates are expected to become the primary way to purchase the A-M and A-2 classes of Freddie K-deals.Read More
Banks’ GSE Servicing Increases in Second Quarter August 2, 2022 Dennis Hollier Depositories had 43.0% of Fannie Mae and Freddie Mac servicing in the second quarter of 2022.Read More
Rithm’s Break From Fortress Prompts Loss in Second Quarter August 2, 2022 Brandon Ivey The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.Read More
UI: Forbearance Should Be First Loss-Mitigation Step August 2, 2022 Brandon Ivey The Urban Institute said pandemic-related forbearances appear to have greatly benefitted consumers.Read More
Nonbank Failures Don't Represent Larger Threat to Market August 2, 2022 Monica Hogan Recent nonbank closures don't necessarily exemplify wider threats to the mortgage industry, several interviewees told Inside Mortgage Finance.Read More
Court: FDCPA Can Cover TILA-Required Statements August 2, 2022 Sam Manas A federal appeals court recently held that mortgage servicers must comply with both the Truth in Lending Act and the Fair Debt Collection Practices Act, rejecting an argument that one cancelled out the other.Read More
Looser Underwriting Standards Seen in GSE Deliveries August 1, 2022 Namrata Bhatia The GSEs are taking in an increasing amount of loans with higher LTV ratios and lower credit scores.Read More
Some Wins for Mortgage Industry in Bill Supported by Manchin August 1, 2022 Brandon Ivey Housing provisions didn't make it into the Inflation Reduction Act, but there are some positive developments for the mortgage industry on taxes.Read More
Rithm (New Residential) Goes Bigger With its Second SFR Securitization August 1, 2022 Brandon Ivey Rithm launched its single-family rental operations in 2019 and had acquired 3,285 properties as of the end of March.Read More
Fed’s Actions Reducing the Value of its MBS Holdings August 1, 2022 Dennis Hollier Just like private market participants, the Fed is experiencing unrealized losses on its massive holdings of agency MBS and Treasury securities.Read More