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Chopra Sworn in at the CFPB. Kudos and Concerns…

October 13, 2021
Brandon Ivey
John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
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loanDepot Delivers GSE-Eligible Mortgages to MFA for Non-Agency MBS

October 12, 2021
Brandon Ivey
MFA will retain at least 5% of the non-agency MBS to meet risk-retention requirements.
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Concerns Remain on Better.com's SPAC/IPO...

October 12, 2021
Paul Muolo
However, one investment banker said he believes the SPAC/IPO — announced in May of this year — could very well come off. “Some investors have already lined up to buy shares … They could just force this thing through.”
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Lenders Urge States to Extend Work From Home Flexibilities

October 12, 2021
Brandon Ivey
The Mortgage Bankers Association has asked state regulators to help modernize remote work standards through legislation and/or regulations.
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FHA Claws Past VA in 3Q21 Ginnie Single-Family MBS Issuance

October 12, 2021
John Bancroft
Mods accounted for 16.2% of FHA loans in 3Q21 Ginnie MBS...
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New Residential Set to Enter F&F Space via Genesis Deal

October 11, 2021
Paul Muolo
Another M&A deal for publicly traded REIT New Residential...
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A Quandary: What FHA Lenders Can Use to Calculate Adjusted Net Worth

October 11, 2021
Monica Hogan
Scott Olson, executive director of the Community Home Lenders Association, suggested FHA take a second look at the changes...
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Nation’s Largest HECM Lender AAG Signs CFPB Consent Order

October 11, 2021
Paul Muolo
AAG was the largest home equity conversion mortgage lender in the first-half of 2021, with $2.59 billion of production.
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The Strongest Non-Agency MBS Reading in Quite Some Time

October 11, 2021
Brandon Ivey
Some $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter.
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(GSE) Cash-Out Refis: Boom Without the Bust

October 8, 2021
Dennis Hollier
We all remember what happened in 2007 when home prices collapsed and all that equity vanished...
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