Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal? June 16, 2021 Paul Muolo and Dennis Hollier A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...Read More
Lenders: Risk-Retention Link Between QMs and QRMs Should Stay June 16, 2021 Brandon Ivey The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.Read More
GAO: CFPB’s Fair Lending Reorganization Was a Failure June 15, 2021 Lisa Burden Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...Read More
Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More June 14, 2021 Paul Muolo The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.Read More
Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital June 11, 2021 Dennis Hollier Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...Read More
Appraisers to White House: You’ll Destroy the Profession June 10, 2021 Maria Volkova Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”Read More
VA Issues Final COVID-19 Partial Claim Program Rule June 8, 2021 Maria Volkova The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.Read More
Credit Bureaus Deflect Blame for Surge in Consumer Complaints June 8, 2021 Lisa Burden Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...Read More
The GSEs Attempt Clarity on QM Changes June 4, 2021 Brandon Ivey The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...Read More