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The Clampdown: FHFA Moves to Tighten Approval Process for New GSE Products

October 19, 2020
Dennis Hollier

The proposed rule defines a new activity as any new business line, business practice, or service that the GSEs offer to the market.


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FHFA Reviewing ‘Upfront’ Fees. Details to Follow?

October 16, 2020

Might GSE seller/servicers see changes in LLPAs during the coming months? Stay tuned... 


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Ocwen Resolves Florida Case Tied to Servicing Abuses

October 15, 2020
Yemeng Yang

Ocwen, which has a checkered past when it comes to servicing-related allegations, entered into the consent order without admitting liability.


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Freedom Mortgage Likely to Remain on the IPO Sidelines

October 15, 2020
Yemeng Yang and Paul Muolo

When it comes to going public, Freedom Mortgage CEO Stan Middleman said "it depends on your investment horizon and on your personal situation.”


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Ginnie MBS Buyouts Slow in August

October 14, 2020
John Bancroft

Most loans are removed from Ginnie pools because the borrower paid off the loan. Then there's the matter of EBOs...


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Finance of America Set to Go Public Via a SPAC

October 13, 2020
Brandon Ivey

Finance of America ranked 27th among all lenders in the first half of 2020. The firm projects $293 million in net income for the year.


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MBA: Ginnie Forbearance Takes a Dive; But: Consumers Not Contacting Their Servicers

October 12, 2020
Paul Muolo

The reason for the decline: Many borrowers saw their forbearance plans expire because they did not contact their servicer. At least, that’s what MBA concluded.


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Ginnie Issuers Living Off the Refi ‘Float.’ Meaning?

October 12, 2020
Paul Muolo

In other words, in a market sized at roughly $2 trillion, and with total delinquencies measured at $218.9 billion (according to Ginnie’s website), the so called COVID-19 liquidity crisis never arrived...


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BK: Mortgages in ‘Active’ Forbearance Plunge

October 9, 2020
Paul Muolo

Despite what looks like good news, Black Knight warned there are another 800K forbearances reaching the end of their initial six-month terms over the next 30 days...


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MBA: Don’t Dilute the GSE CRT Programs

October 9, 2020
Dennis Hollier

MBA also urged the regulator to create guardrails to prevent any individual shareholder from gaining control of Fannie and Freddie after they’ve exited conservatorship…


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