Researchers looking at proprietary Freddie Mac data found that the wealthiest 10% of borrowers saved $5 billion more on their mortgage refinances in 2020 than all other borrowers combined.
In a sign of frustration, on Tuesday the MBA turned up the volume, asking members of the Mortgage Action Alliance, its main lobbying arm, to call their congressman...
However, the revised regulation never saw the light of day — it was stayed a day before implementation by a federal court in Massachusetts. Since October, the future of the rule has been in limbo.
Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.
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...
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