CFPB Seeks Input on Use of Artificial Intelligence April 13, 2021 Lisa Burden Among the key risks highlighted with the use of AI: explainability, data usage and dynamic updating... Read More
Mr. Cooper Plans to Amp Up Its Ginnie EBO Game April 13, 2021 Maria Volkova Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost... Read More
A Big Improvement in the Ginnie Mae Forbearance Category April 12, 2021 Paul Muolo When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...Read More
A Laggard: Mortgages with Short Terms April 12, 2021 Brandon Ivey Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020... Read More
In 1Q21, A Record $92.3 Billion for VA Refis April 12, 2021 John Bancroft Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter... Read More
Bayview Aggregating Jumbos for MBS Issuance April 9, 2021 Brandon Ivey Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts. Read More
MFA Stocks Another Non-QM MBS with Loans from Acra April 9, 2021 Brandon Ivey The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...Read More
Enforcement Woes Ahead for Servicers? CFPB Proposal Sparks Controversy April 9, 2021 Lisa Burden With an MSR portfolio sized at $1.18 trillion and a market share of 10.1%, Wells Fargo is on board with what the CFPB has in mind...Read More
Structured Finance Market Off to Solid Start in 1Q21 April 9, 2021 John Bancroft Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.Read More
Time to Bury the $15,000 FTHB Tax Credit? Maybe Not... April 8, 2021 Maria Volkova Don't ever underestimate the power of the nation's housing lobby...Read More