MBA Chief Takes Aim at Regulators, Blames Them for Increasing Costs October 25, 2022 Sam Manas Apparently, most policymakers don't realize the dominance of nonbanks in today's origination market...Read More
FHA Loans Keep Ginnie Delinquencies Elevated. Time to Worry? October 25, 2022 Namrata Bhatia The biggest change in the FHA portfolio was in the 30-days past due category...Read More
A Changing of the FICO Guard Is a Good Thing. Right? October 25, 2022 Dennis Hollier Even if the scores provide a similar measure of credit risk at one point in time, that equivalency could deteriorate...Read More
FHFA Will Make Cash-Outs More Expensive While Trimming LLPAs on Low/Mods October 25, 2022 Paul Muolo Specifics were light regarding the changes for cash-out refis...Read More
MSR Transfer Pace Eases in Third Lap of a Record Year October 24, 2022 John Bancroft The top buyer of bulk MSRs through the first nine months of 2022: Freedom Mortgage...Read More
Finance of America Says Restructuring Could Cost Upwards of $164 Million October 24, 2022 Paul Muolo In the third quarter, FoA funded an estimated $2.6 billion of mortgages, 66.7% of it through retail means.Read More
Bank Share of GSE Servicing Up Slightly in a Choppy 3Q22 October 24, 2022 John Bancroft Flagstar accounted for most of the gain by mid-size banks, with its GSE MSR portfolio increasing a hefty $24 billion...Read More
September Sees an Uptick in MBS Trading October 24, 2022 Paul Muolo As the week began, the yield on the benchmark 10-year Treasury was at 4.27%, a few ticks below its 52-week high.Read More
Nonbanks Get a Deadline Reprieve on Ginnie RBC. However… October 21, 2022 Monica Hogan Other financial eligibility standards announced at the time remain in place...Read More
Coming Soon: Layoffs and Branch Closings at Finance of America October 21, 2022 Paul Muolo FoA recently sent a “branch offboarding information” form to all its branch managers, setting the table for large-scale cutbacks.Read More
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