Nearly 70% of the volume going to the GSEs due to the QM patch could be handled in the non-agency market without disrupting borrowers, according to a new SEC filing and presentation from Redwood.
Calabria’s comments should make it crystal clear to the managements of Fannie and Freddie that when it comes to new products and expansion, the two will be on a very short leash...
Prosecutors say the defendants doctored the income and purchase prices multifamily properties by maintaining a second set of books, and using fake liens, false contracts, and inflated invoices...
State regulators proposed standards for nonbanks in 2015 but there was no follow-through. However, the issue is alive and well thanks to the incoming chairman of the Conference of State Bank Supervisors.
Asked to explain about debenture interest curtailment penalties and why servicing FHA nonperforming loans is more expensive than those of the GSEs, Carson replied: “I have not had that discussion. I will look it up.”
FHFA Director Mark Calabria: "For instance, we are actively reviewing all recent expansions into new markets and activities to put an end to the era of charter creep."