Short Takes: CFPB Warns of Underinsurance for Flood Risk / FHA Adjusts on In-Home Rental Income / Home Price Appreciation Picks Up / Homebuilder Sees Stronger Demand January 14, 2025 Brandon Ivey The CFPB suggested that First Street Foundation does a better job of identifying flood risk than the Federal Emergency Management Agency.Read More
More Shops Look to Keep Servicing January 13, 2025 Paul Muolo “The current sell-off in the bond market works against that, obviously," said one servicing advisor.Read More
California Property Insurance Coverage Seen as Sufficient January 10, 2025 Brandon Ivey Property insurance costs are expected to increase due to the LA-area fires.Read More
PennyMac Inks Large MSR Financing Deal With Citi January 10, 2025 Paul Muolo The maximum principal balance of the transaction, known as Series 2024-VF2, is $1 billion and the aggregate committed amount is $500 million.Read More
FCI Putting Emphasis on Servicing Technology January 9, 2025 Paul Muolo The non-agency servicer has 32 full-time computer programmers.Read More
Short Takes: CFPB’s Medical Debt Rule Faces Lawsuit / Thompson Stepping Down From FHFA / Phillips Joins Freddie / Better Loses Origination Partner / Mortgage Affordability January 9, 2025 Brandon Ivey The CFPB's medical debt rule is facing a lawsuit and Republican leaders in Congress want to overturn the rule.Read More
FHA Establishes Servicing Oversight Policy January 8, 2025 Monica Hogan The agency had never published its method of identifying servicing defects before.Read More
State Regulators Expected to Fill Void Under Trump January 7, 2025 Shannon Clark “We can continue to expect [states] to be as active and maybe even more so this time around,” said Kathryn Ryan, a partner at Orrick.Read More
Short Takes: Rocket Fueling Redwood’s MBS / Wells Fargo’s Asset Cap / Chase’s Servicing Unit / Homeowners Plan to Stay Put January 7, 2025 Brandon Ivey Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.Read More
Short Takes: Interest Rates Rising / Housing Inventory Improving / More Non-Agency MBS in the Works January 3, 2025 Brandon Ivey Interest rates on mortgages increased to a level last seen in July 2024.Read More
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