CFPB Lingo Change Could Make Bank-Statement Loans Tricky January 9, 2023 Sam Manas Change Home Mortgage General Counsel Alan Lindeke said that could be an issue for some lenders...Read More
Congress Closed Out 2022 Approving New FHA Funding, More... January 6, 2023 Brandon Ivey Lenders were particularly happy about the increases in FHA’s budget.Read More
A Busy Year for Mortgage Legislation? Not Likely January 5, 2023 Brandon Ivey MBA's Killmer believes the lower chamber will be reactive, rather than proactive, on housing issues...Read More
Short Takes: It’s All About the Burn / Company Valuations? / FoA’s Debt Nears Ugly / Crypto Warning / Silvergate Update January 4, 2023 Paul Muolo Former warehouse provider Silvergate Capital has seen its share price bounce recently...Read More
HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
Short Takes: Ginnie Executive Accused of Leaking Info / Preferential Treatment Too / No Charges Brought / Blackstone Executive Quits FoA Board Immediately January 3, 2023 Paul Muolo The IG came to the conclusion that the SVP violated agency regulations and referred the matter to DOJ...Read More
NYDFS Changes Subprime Measurement Tool December 30, 2022 Namrata Bhatia The DFS said Freddie’s decision “disrupted the ability” of lenders to assess whether a loan is subprime...Read More
Outside the Weather's Frightful...NYDFS Proposes Climate-Related Risk Management Rules December 29, 2022 Sam Manas The NYDFS, in a carefully worded statement, said the guidance would be a “basis for supervisory dialogue.”Read More
FHFA Hikes the Asset Cap for CFIs December 29, 2022 Paul Muolo The Bank Act was amended in 2008 to set the statutory cap at $1.0 billion...Read More
MBA Files Legal Brief in Favor of CA Fix-and-Flip Lender December 28, 2022 Namrata Bhatia In 2018, Nicholas and Sharon Honchariw took out a $5.6 million bridge loan from FJM, eventually defaulting on it...Read More
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