Trump Picks Wade as FHA Commissioner as Montgomery Waits for Senate Confirmation February 21, 2020 George Brooks Wade is no stranger to the Department of Housing and Urban Development...Read More
Policy Guidance Sufficient on FHA and FCA? February 20, 2020 George Brooks A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…Read More
Presidential Candidate Bloomberg Proposes Merging Fannie and Freddie February 18, 2020 Bloomberg’s GSE bombshell was just one of several potentially controversial proposals to revamp the nation’s financial system.Read More
Fitch Faults CFPB's Plan to Drop DTI Ratio from QM Determination February 13, 2020 Brandon Ivey Fitch believes DTI ratios ensure that borrowers will be able to repay their loans. Read More
FDIC Passes Safe-Harbor Rule that Aids Private Placements February 12, 2020 Brandon Ivey This is “great news” for banks interested in issuing MBS and ABS, according to attorneys at Mayer Brown…Read More
Plan to Hike Capital for Nonbank Servicers Met with Disdain February 11, 2020 Dennis Hollier Some industry trade groups have an uneasy feeling about the proposal... Read More
Trump Proposes a Hike in Fannie/Freddie Guarantee Fees February 11, 2020 Paul Muolo A 10 basis point hike in g-fees will not go over very well with the industry... Read More
Ginnie in New Round of Risks Talks with Nonbanks February 10, 2020 George Brooks Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor. Read More
FHFA Moves to Shore Up Servicer Liquidity. Is the Industry Prepared? February 7, 2020 The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.Read More
Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor February 6, 2020 Paul Muolo and Yemeng Yang Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer... Read More