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Ishbia: FHFA Will Have to Get Involved on GSE Buybacks

September 6, 2023
Brandon Ivey
“FHFA is going to have to step in again, because it’s becoming a big issue,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.
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Mixed Feelings on CFPB Oversight of Data Brokers

September 6, 2023
Sam Manas
Expanding the Fair Credit Reporting Act’s dispute and accuracy requirements to a broadened definition of credit reporting agency could lead some industries to stop reporting or furnishing consumer credit data, according to Dan Smith, newly appointed president and CEO of the Consumer Data Industry Association.
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Short Takes: Applications Down / Banks Launch Ad Campaign Against Capital Proposal / Redwood Expands HEI Lending

September 6, 2023
Brandon Ivey
A reduction in interest rates wasn't enough to help increase mortgage applications last week.
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Liability for AVMs Should Lie With Others, Lenders Argue

September 5, 2023
Dennis Hollier
Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
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Former Ginnie Mae President Proposes Help for Nonbank Ginnie Issuers

September 1, 2023
Monica Hogan
Ted Tozer calls for Ginne Mae to use federally backed mortgages as collateral to guarantee short-term nonbank liabilities.
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Home Price Hikes May Impact Jumbo Market

September 1, 2023
James Dohnert
A rising home price disparity may lead to an increase in jumbo loan limits.
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RHS Suggests Manufactured Housing Program Revisions

August 31, 2023
James Dohnert
The U.S. Department of Agriculture’s Rural Housing Service is considering a new rule that would increase lending options for manufactured housing.
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Did the CFPB Overreach in Freedom RESPA Case?

August 29, 2023
Sam Manas
One veteran mortgage attorney said the CO listed several actions but without any connection to the RESPA anti-kickback law...
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Federal Agencies Plan Roundtable on Special Purpose Credit Programs

August 25, 2023
Brandon Ivey
Speakers at the roundtable will include the heads of four federal agencies along with industry participants.
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Nomura Settles Legacy Residential MBS Issue for $35 Million

August 25, 2023
Dennis Hollier
The settlement commits Nomura to full cooperation with federal investigators in “prosecutions arising out of or related to” the case.
Read More
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Latest Imf News

  • GSE Buybacks Fall to Lowest Level Since 2020

  • Hometap Charts Major Expansion of HEI Program

  • Senate Dems Seek Answers on CFPB Website Deletions

  • Survey Signals Bipartisan Support for Housing Affordability Legislation

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