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Short Takes: 10-Year Treasury Rate Spikes / FHFA, State Regulators to Share Info on Nonbanks / Applications for Purchase Mortgages Decline / Fannie Selling NPLs

April 10, 2024
Brandon Ivey
Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.
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GAO: FHLBanks Acted Appropriately in Last Year's Banking Crisis

April 9, 2024
Dennis Hollier
The FHLBanks followed existing rules when they continued to provide advances to Silicon Valley, Signature and First Republic banks prior to their failures last March.
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FDIC Highlights RESPA Compliance Issues at Banks

April 9, 2024
Shannon Clark
Some banks are failing a RESPA test on whether payments are “reasonably related” to the value of the services provided.
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OCC Taking Closer Look at Banks, Fair Lending

April 5, 2024
Brandon Ivey
The OCC is using staff skilled in the analysis of complex models to support fair lending exams of banks.
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ABS Market Braces for Fallout From CFPB Court Victory

April 5, 2024
Shannon Clark
The U.S. Court of Appeals for the Third Circuit held that National Collegiate Student Loan Trust student loan ABS are covered persons subject to the CFPB’s authority under the Dodd-Frank Act.
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Short Takes: CFPB’s Thoughts on UWM, Brokers? / UWM’s Stock Rebounds / Slow Decline in Rates Expected

April 5, 2024
Brandon Ivey
Will the allegations against United Wholesale Mortgage amount to anything more than a slight decline in the nonbank's stock?
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FHFA Starts Small With FHLBank Reforms

April 4, 2024
Brandon Ivey
Priorities for 2024 include clarifying the mission of the FHLBank system and aligning eligibility requirements for different types of FHLBank members.
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To Avoid Redlining Charges Diversify Product Offerings

April 4, 2024
Shannon Clark
"If a lender has a full array of products ... [they] serve the credit needs of low- and moderate-income borrowers as well as borrowers in communities of color," said Maurice Jordain-Earl, managing director of Compliance Tech.
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Assessing the Impact of the 2021 Cap on GSE Business

April 4, 2024
Dennis Hollier
Researchers found that local banks exploit their superior information about housing prices when deciding whether to hold loans in their portfolio.
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Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB

April 2, 2024
Brandon Ivey and Paul Muolo
Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.
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