Coming Soon: Forbearance-Related LLPAs on FHA Loans. A Better Deal Than What the GSEs Offer? May 1, 2020 Paul Muolo
Fannie Earnings Smacked Down by Pandemic. 1 Million FNMA Loans in Forbearance May 1, 2020 Dennis Hollier Fannie CEO Hugh Frater sees the COVID-19 forbearance count rising to 15% in the second quarter.Read More
COVID-19 Fallout Impacts Freddie’s 1Q20 Revenue; A Word About MBS Advances... April 30, 2020 Paul Muolo and Dennis Hollier In a press briefing early Thursday, company CEO David Brickman noted that the number of forbearance requests have increased “significantly,” adding that he expects the readings to continue to rise.Read More
Citing Policy Instituted by the FHFA, loanDepot Unveils Cash-Out LLPAs April 29, 2020 Paul Muolo loanDepot noted that on purchase transactions and rate/term refis no additional LLPAs will be assessed.Read More
Complaints Filed with the CFPB Climb to an All-Time High April 29, 2020 Yemeng Yang Complaints about debt collection, the second most-criticized category, increased 7.2%... Read More
Short Takes: Mr. Cooper Closes Broker Channel / Job Losses Small / Executive Compensation Disclosure Season / FHFA and CFPB Team Up to Aid Consumers During Pandemic April 28, 2020 Paul Muolo and Yemeng Yang Mr. Cooper will remain as a retail and correspondent lender...Read More
FHA Prepping LLPAs on Forbearance Loans? April 27, 2020 Paul Muolo “One thing’s for certain: They’re taking on a lot more risk,” said one mortgage insurance official...Read More
Treasury Throws Cold Water on Additional Liquidity Support for MBS Servicers April 24, 2020 Dennis Hollier The situation at press time: Mnuchin said that a Fed facility was no longer warranted...Read More
Nonbank Liquidity Update: Three Issuers Tap Ginnie’s PTAP Funding Facility April 24, 2020 Paul Muolo “Wait until you see next month’s PTAP draw,” suggested one official familiar with the program... Read More
A Safe Bet: CFPB Expected to Extend GSE Patch Amid Pandemic April 24, 2020 Yemeng Yang However, the question remains whether the bureau will announce significant changes to the current framework... Read More
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