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Coronavirus Fallout Mounts: Foreclosure Moratorium, Nonbank Liquidity?

March 19, 2020
Paul Muolo

The goal is to stop a tidal wave of housing-related financial damage that might potentially destroy the social fabric of the nation.


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As Government Mulls Mortgage Forbearance, Fear Over Nonbank Liquidity Escalates; MBA Sets the Table for Government Assistance

March 18, 2020
Paul Muolo

And therein lies a chief fear for the mortgage industry: as the economic damage caused by the spreading coronavirus piles up, will nonbank Ginnie issuers have enough liquidity to make those payments in the months ahead?


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Mortgage Industry Could Get Swamped by FHA Defaults. Nonbank Liquidity a Concern

March 16, 2020
Paul Muolo

And since nonbanks account for eight of the 10 largest Ginnie Mae servicers, there’s a concern about their liquidity.


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Mortgage Market Mayhem: In Sunday Afternoon Move, Fed Cuts Rates to Near Zero

March 15, 2020
Paul Muolo

The biggest risk for the purchase-mortgage market: an unemployment rate that could shoot into the stratosphere.


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CFPB Sues Fifth Third for Opening Fake Accounts

March 13, 2020
Yemeng Yang

The CFPB sued Fifth Third Bank for opening unauthorized accounts, but the bank is fighting back.


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Coronavirus Mayhem: Can LOs Work From Home?

March 12, 2020
Yemeng Yang

Most state laws require loan originators to conduct mortgage activities at a licensed location...


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GSE ‘Noncore’ Business Actually Increased in 2019

March 11, 2020
Brandon Ivey

It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.


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Self-Governance for the Non-Agency MBS Sector?

March 10, 2020
Brandon Ivey

The big challenge: How, exactly, the non-agency MBS sector might establish self-governance…


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DOJ Investigating Sterling Bank Following Problems with Non-QM Lending

March 9, 2020
Brandon Ivey

Sterling said that in connection with the review, a significant number of employees have either been terminated or resigned, including a senior vice president...


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Mortgage-Related Conferences Canceled Due to Coronavirus Concerns

March 6, 2020
Yemeng Yang

Two mortgage-related conferences scheduled in March were canceled due to concerns over coronavirus spread. 


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