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Lenders Ponder FHA LLPAs. Reason: Forbearance

June 11, 2020
Paul Muolo

Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.


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17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans?

June 10, 2020
Paul Muolo

The Mortgage Bankers Association has been silent on the issue, until now...


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A Robust CA-CFPB Still in the Works, Despite Anticipated Budget Shortfall

June 10, 2020
Yemeng Yang

California is expecting a massive budget shortfall because of the pandemic, but remains committed to funding a robust state-level CFPB...


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Credit Scores Reflecting COVID-19 Relief Raise Concern

June 9, 2020
Yemeng Yang

According to Francis Creighton, president and CEO of the Consumer Data Industry Association, the adoption of the CARES Act went smoothly, but it’s too early to tell what impact the pandemic will have on consumer credit...


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Indicted Mortgage Veteran Ron McCord: 'The Truth Will Prevail'

June 9, 2020
Paul Muolo

Among the charges: McCord bounced checks to more than sixty taxing authorities and borrowers missed making their real estate tax payments...


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Black Knight Elects Former OCC Chief Otting to its Board

June 8, 2020
Paul Muolo

Otting's appointment is effective July 1. He has not yet been named to serve on any board-centric committees, which carry extra pay.


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The GSEs’ ‘Re-IPO,’ Not Exactly a Slam Dunk

June 8, 2020
Dennis Hollier

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...


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FHA Releases ‘Temporary’ Forbearance Policy, Wants 20% Indemnification

June 5, 2020
Paul Muolo

The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund.


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Short Takes: When Unemployment Feeds Forbearance / More on Freddie’s New CFO / Freedom’s MSR Financing Line / Impac’s New Subsidiary / Moving Back a Convention

June 4, 2020
Paul Muolo

The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...


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Time to Ease Disclosure Norms for Non-Agency MBS?

June 4, 2020
Brandon Ivey

To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions...


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