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Short Takes: Chase Wins Auction for NPLs From Freddie / GSE-Eligible Loans in Non-Agency MBS / RTL Securitization / More Funds From HUD to Combat Housing Discrimination

October 2, 2024
Brandon Ivey
An affiliate of JPMorgan Chase was the winning bidder on an auction by Freddie Mac of nonperforming loans with a balance of $188.3 million.
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FHA Offers Some Concessions on Cybersecurity Reporting

October 1, 2024
Monica Hogan
FHA said the revisions more closely align with computer-security incident notification standards crafted by the federal banking agencies.
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FHLBanks Receive Climate Change Directive From FHFA

October 1, 2024
Dennis Hollier
FHFA will hold FHLBank boards and senior management accountable for planning for and adapting to the shifting risks posed by the increasing frequency and intensity of climate-related natural disasters.
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CFPB’s Servicing Proposal a Concern in Secondary Market

September 27, 2024
Shannon Clark
The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.
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FHFA Faulted for Insufficient Disaster Recovery Efforts

September 27, 2024
Brandon Ivey
The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.
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Short Takes: Home Price Appreciation Slows / Weak Readings for Pending Home Sales / Warren Suggests Higher Capital Requirements for NYCB / FHFA Discloses Condo Appraisal Data

September 27, 2024
Brandon Ivey
The annual home price growth rate may slow further in September, according to Intercontinental Exchange.
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FHFA Offers Concessions With Re-Proposal on Suspended Counterparties

September 26, 2024
Brandon Ivey
“After reviewing the comments and reconsidering the proposed rule’s substantive and procedural amendments, FHFA has determined that a number of material changes to the rule are necessary,” the agency said.
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Policymakers Urged to Address Housing Supply

September 24, 2024
Shannon Clark
The affordable housing crisis is linked to a lack of housing supply, MBA panelists said.
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Chopra Idea for ‘Open Banking’ With Mortgages a Tough Sell

September 24, 2024
Shannon Clark
A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.
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ATR Compliance Unclear at Times for Non-Agency Mortgages

September 24, 2024
Brandon Ivey
The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.
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