Non-QM Lender Sprout Closes Its Doors July 7, 2022 Paul Muolo Sprout officials could not be reached for comment...Read More
GSEs and FHFA Focusing on Fourth-Party Risk July 7, 2022 Dennis Hollier Fourth-party risk? It's an issue for Fannie, Freddie and their regulator...Read More
MFA Offers Non-Agency MBS with Exceptionally Old Loans July 7, 2022 Brandon Ivey Loans in a new RPL MBS from MFA were originated in 2005, on average.Read More
Bank/Thrift Retail Originations Plummet July 6, 2022 Namrata Bhatia Virtually all the top banks posted dismal results...Read More
In a Tough Investor Market, PennyMac (the REIT) Issues Debt July 6, 2022 Paul Muolo The five-year notes offer a yield of 419 basis points above SOFR...Read More
Former CFPB Attorney Wonders About the Agency’s Posted Agenda July 6, 2022 Sam Manas In a recent blog post, CFPB Director Rohit Chopra said the bureau was reviewing the QM rule...Read More
MBA Sees Progress in Loan Officer Remote Work Legislation July 6, 2022 Sam Manas However, as MBA points out, it can sometimes take longer to get things done in California...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
The Next Shoe to Drop on Mortgage Stocks: Credit Concerns? July 5, 2022 Paul Muolo Credit concerns are not yet a problem, or much of a concern, in the mortgage industry...Read More
CFPB: State Laws Can Exceed Bounds of FCRA July 5, 2022 Sam Manas States also can enact laws governing whether information related to eviction or rental arrears appear on credit reports.Read More
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