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Short Takes: Waters Pushes Affordable Housing / Fannie Selling NPLs / Home-Improvement Loan Securitization / CFPB Settles Foreclosure Relief Scam

February 9, 2024
Brandon Ivey
Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.
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NYCB Makes Fresh Disclosure to Tout ‘Ample Liquidity’

February 7, 2024
Brandon Ivey
NYCB recently took unexpected losses on its commercial lending and passed an asset threshold that prompts increased scrutiny by federal regulators.
Read More

Anticipation Grows for End of GSE Conservatorship

February 7, 2024
Dennis Hollier
The price of preferred shares in Fannie Mae shot up to $4.57 a share in the wake of former President Trump’s victory in the Iowa caucuses.
Read More

Short Takes: NewRez Turns to AI / Regulators Seek Comments on Burdens / Velocity Issues New Debt / Setting the Record Straight on CRA

February 7, 2024
Brandon Ivey
NewRez said AI can analyze customer data and preferences to recommend suitable products.
Read More

Bank Trade Groups File Lawsuit to Stop CRA Revisions

February 6, 2024
Shannon Clark
The American Bankers Association, U.S. Chamber of Commerce and the Independent Community Bankers of America, among others, allege the new CRA requirements violate the Administrative Procedure Act.
Read More

Pennsylvania Bank Settles With DOJ on Redlining

February 6, 2024
Brandon Ivey
The DOJ alleged that First National Bank of Pennsylvania continued a practice seen at Yadkin Bank of focusing mortgage lending disproportionately on white areas of Charlotte and Winston-Salem.
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Short Takes: Consumer Advocates Defend CRA Revisions / Banks Done Tightening / Pressure on Navy Federal / HPC Mourns Mike Gill / Former First Republic Co-CEO Moves On Again

February 6, 2024
Brandon Ivey
The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.
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The GSEs Have Been Profitable Since 2012. Maybe It's Time to End the Conservatorships?

February 5, 2024
Dennis Hollier
One of these days a GSE CEO might rise up and legally challenge the conservatorships. But we're not there yet...
Read More

Senate Democrats Offer VA Loss-Mitigation Bill

February 2, 2024
Monica Hogan
“While pausing foreclosures for these men and women was a step in the right direction, our veterans and servicemembers need to be able to bring their mortgage current while VA works on its long-term solution,” said Sen. Jon Tester, D-MT, chair of the Senate Veterans Affairs Committee.
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Lenders Expect Manageable Changes on Home Sale Structure

February 1, 2024
Brandon Ivey
The commission structure for real estate agents is poised for a shakeup in the wake of the legal issue facing the National Association of Realtors.
Read More
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