Legislation Seeks to Make the MI Tax Deduction Permanent March 17, 2023 Monica Hogan Time to re-up on the MI tax break?Read More
Surprise: FHFA Delays Implementation of DTI Fees March 16, 2023 Dennis Hollier The move by Thompson gives seller-servicers more time to prepare...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
loanDepot Discloses Large Cash Transfer Out of ‘Bridge Bank’ Signature March 15, 2023 Paul Muolo Signature, which had crypto clients, was co-founded and chaired by Scott Shay, a former partner of MBS co-inventor Lewis Ranieri.Read More
Market Stability Tenuous as Rates Fall, Rise and Moody’s Issues Warning on Banks March 14, 2023 Paul Muolo “We are all watching and waiting for the next bank to fail,” said New Jersey loan broker Brian Benjamin...Read More
Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked March 13, 2023 Paul Muolo In 2022, FRB funded $31.6 billion in non-agency jumbos, an 8% gain from 2021...Read More
Former Non-QM Warehouse Lender Pulls the Plug March 9, 2023 Dennis Hollier Silvergate threw its profitable non-QM business headed by Elaine Batlis out the window...Read More
How Many Servicing-Related Bills Are Out There? About 500 March 8, 2023 Sam Manas Time to lawyer-up? How's your compliance department? More servicing-related legislation is pending in the states...Read More
A Significant Appraisal Change From Fannie Mae? March 8, 2023 Dennis Hollier The government-controlled mortgage giant seems to be transitioning away from traditional appraisals...Read More
Trouble Expected in Implementing FICO 10T and VantageScore 4.0 March 7, 2023 Dennis Hollier Every single model that will use the new credit scores will have to refitted...Read More
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