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Short Takes: Finally, a Ginnie President? / A Debt Revival? / High Expectations for Penny Mac / New Lows (for Some MBs) / Enact Readies IPO

September 13, 2021
Paul Muolo
Time for more debt offerings? It depends on who you are.
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Wells' Regulatory Woes Continue to Linger. Bank Can't Sell, Transfer MSRs

September 10, 2021
Paul Muolo
In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”
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Worries Over the Ginnie RFI and MSR Values? Maybe Not...

September 9, 2021
Paul Muolo
What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.
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Will the FHFA Do An End Run Around the SCOTUS?

September 9, 2021
Dennis Hollier
With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.
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GSEs Must Reduce Racial Disparities in Homeownership, AU Systems Cited

September 8, 2021
Dennis Hollier
More specifically, FHFA recommends the enterprises focus on reducing racial disparities in acceptance rates generated by their automated underwriting systems...
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While Its Members Thrived, MBA Had a Challenging Year in FY20

September 7, 2021
Paul Muolo
MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...
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Servicers Grapple with Aftermath of Hurricane Ida

September 3, 2021
Monica Hogan
Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...
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Short Takes: FTC Has Some Questions for Invitation Homes / Stock Price Doing Just Fine / AO Busy Opening New Branches / A Non-QM Rush? / Publishing Break

September 3, 2021
The FTC has some questions for SFR giant Invitation Homes. Details? None...
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FHLBs Bristle at FHFA Policy on Executive Pay

September 2, 2021
Dennis Hollier
In its comment letter, FHLB San Francisco essentially said: None of your business.
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Cadence Bank Settles With DOJ, OCC Over Redlining

September 1, 2021
Monica Hogan
Cadence Bank CEO Paul Murphy said the company “believes that at all times it acted in compliance with our nation’s fair lending laws.”
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Latest Imf News

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