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Critics Rehash (and Trash) Utility Model for Fannie and Freddie

April 21, 2021
Dennis Hollier

One big rah-rah fan of the GSE utility model is the National Association of Realtors...


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State Regulators Scaling Back Proposed Standards for Large Nonbank Servicers

April 21, 2021
Brandon Ivey

CSBS plans to reduce the subjectivity in standards for large nonbank servicers or potentially drop the standards altogether.


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CFPB: Tenants Must Be Provided with Written Notice of Rights Under Eviction Moratorium

April 20, 2021
Lisa Burden

The rule “puts some real teeth behind the CDC’s COVID eviction moratorium,” according to Adam Levitin, a Georgetown Law School professor. He added that “some jurisdictions seem to be taking the CDC moratorium as merely advisory, rather than as binding law.”


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It’s Official: Genworth MI Files an S-1. Parent Will Get All of the Proceeds

April 20, 2021
Paul Muolo

Genworth Mortgage: "Following this offering, we will be a 'controlled company' within the meaning of the NASDAQ rules as our parent will continue to own, through GHI, more than a majority of the total voting power of our common stock."


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Short Takes: Nice Earnings for a Megabank / BofA and Home-Equity Lending / Some History / The Caliber Termination Fee / New Residential’s 1Q21 Results

April 15, 2021
Paul Muolo

The termination fee on the NRIC-Caliber deal: $25 million.


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Ending the GSE 'Patch': Now What?

April 15, 2021
Dennis Hollier

As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...


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MBA Lobbying Against PSPA Provisions that Limit Loan Sales

April 14, 2021
Dennis Hollier

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...


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HUD to Reinstate Obama-era Disparate Impact Standard

April 14, 2021
Maria Volkova

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.


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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...


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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...


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