Lenders, for the Most Part, Like FHA 40-Year Loan-Mod Proposal June 15, 2022 Monica Hogan NAR noted that 9.58% of FHA borrowers “were in some stage of delinquency” during the first quarter.Read More
CDFIs Under Scrutiny as Their Non-QM Production Increases June 14, 2022 Brandon Ivey Loans originated by CDFIs also are exempt from risk-retention requirements...Read More
Rating Services Refining ESG Analysis for MBS and ABS June 13, 2022 Brandon Ivey The goal: Investors would receive more relevant information regarding ESG issues.Read More
Wells Fargo and Mortgages, The Love Affair Is Over June 9, 2022 Brandon Ivey CEO Scharf said GSE underwriting guidelines put Wells in a “difficult" position...Read More
GSEs Release Equitable Housing Finance Plans June 9, 2022 Dennis Hollier Fannie's and Freddie's long-awaited plans show good intentions...Read More
Lenders Raise Concerns Over AVM Calculations, Cost June 7, 2022 Sam Manas Several of the small-entity representatives said they prefer licensed appraisers because of their understanding of the local market.Read More
GSE Legal Update: Collins v. Yellen, the Last Lap June 6, 2022 Dennis Hollier District Court judge Nancy Atlas once again hears arguments over the Fannie/Freddie net worth sweep...Read More
Older Mortgage Applicants Face Higher Denial Rates June 6, 2022 Monica Hogan Loan officers’ attitude towards mortality-related default risk is a key contributor to the problem...Read More
Movement Mortgage Fined After NCRC Alleges Fair Lending Violation June 2, 2022 Monica Hogan Despite settling, Movement denies it gave less favorable treatment based on race or national origin...Read More
FHFA Issues Final Rule on Annual Capital Plans for Fannie and Freddie June 2, 2022 Dennis Hollier The GSEs will use the capital planning process to calculate their stress capital buffer, which is set at a minimum of 0.75% of adjusted total assets.Read More