Nonbank Ginnie Issuers Making Progress on Capital Requirements June 2, 2023 Monica Hogan Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.Read More
Lenders Concerned by FHFA Credit Score Proposal June 1, 2023 Brandon Ivey Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.Read More
Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group June 1, 2023 Sam Manas and Paul Muolo State Farm has a 20% share of the homeowners market in the Golden State...Read More
OneMain Paying NY $4.25 Million for Security Failures May 30, 2023 Sam Manas The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.Read More
Thompson: GSE Pricing Grids Were Outdated May 23, 2023 Brandon Ivey Thompson was the sole witness at a hearing by the House Financial Services Committee.Read More
FHFA Receives Mixed Feedback on MBS Commingle Policy May 23, 2023 Brandon Ivey In March, FHFA proposed adjustments to capital requirements for commingled securities held by Fannie Mae and Freddie Mac.Read More
In a Self-Proclaimed ‘Pugnacious’ Speech, MBA Chief Takes on Washington, Regulators May 22, 2023 Paul Muolo Bob Broeksmit: "Those [hard] times have now arrived."Read More
House Hearing Extends Debate on LLPA Changes May 18, 2023 Brandon Ivey Democrats largely support FHFA's recent LLPA changes, while Republicans are opposed.Read More
Court Sides with Ocwen in Dispute with CFPB May 18, 2023 Sam Manas Ocwen entered into a consent judgment with the CFPB that lasted from February 2014 to February 2017.Read More
Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks May 17, 2023 Brandon Ivey Everything was going relatively well at First Republic, until it wasn't...Read More