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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal?

June 16, 2021
Paul Muolo and Dennis Hollier
A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...
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Lenders: Risk-Retention Link Between QMs and QRMs Should Stay

June 16, 2021
Brandon Ivey
The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.
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GAO: CFPB’s Fair Lending Reorganization Was a Failure

June 15, 2021
Lisa Burden
Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...
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Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More

June 14, 2021
Paul Muolo
The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.
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Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital

June 11, 2021
Dennis Hollier
Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...
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Appraisers to White House: You’ll Destroy the Profession

June 10, 2021
Maria Volkova
Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”
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VA Issues Final COVID-19 Partial Claim Program Rule

June 8, 2021
Maria Volkova
The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.
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Credit Bureaus Deflect Blame for Surge in Consumer Complaints

June 8, 2021
Lisa Burden
Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...
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The GSEs Attempt Clarity on QM Changes

June 4, 2021
Brandon Ivey
The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...
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