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Freddie Preps CRT Deal Following New Capital Requirements

December 10, 2020
Brandon Ivey

Fannie suspended CRT issuance earlier this year when the FHFA proposed new capital requirements for the GSEs. Freddie, though, stayed in...


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Biden Picks Rep. Fudge of Ohio to Lead HUD

December 9, 2020
Paul Muolo

First elected to Congress in 2008, the African-American legislator began her public career in the Cuyahoga County Prosecutor’s Office in Ohio. She is not a member of the House Financial Services Committee...


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FDIC Fintech Originators Face Risks

December 8, 2020
Brandon Ivey

The two FDIC researchers examined more than 11 million mortgages...


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Consumer Groups Target Overturn of Trump-Era Lending Rules. CRA?

December 8, 2020
Yemeng Yang

In June, community advocacy groups, including the NCRC, brought a lawsuit against the Office of the Comptroller of the Currency over its final CRA rule...


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Three Mortgage Servicers Settle Claims on Bankrupt Borrower Servicing

December 8, 2020
Yemeng Yang

Mr. Cooper, U.S. Bank and PNC Bank collectively will pay $74 million to remediate impacted borrowers.


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VA Proposes Temporary Partial Claim Option to Help Distressed Borrowers

December 8, 2020
Brandon Ivey

The proposal is modeled after the FHA's partial claims program, though there are differences...


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Overall Forbearance Rate Flat but Ginnie Relief Heads North

December 7, 2020
Paul Muolo

MBA’s Michael Fratantoni: “The job market data for November showed an economic recovery that was slowing in response to the latest surge in COVID-19 cases. It is not surprising to see the rate of forbearance exits slow, as households that needed forbearance assistance in October may be in even greater need now.”


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Mr. Cooper Pays $91 Million to Settle Servicing Violations

December 7, 2020
Yemeng Yang

Mr. Cooper will pay a total of $91.3 million to settle allegations by 51 state attorneys general and the Consumer Financial Protection Bureau over servicing violations since 2014.


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Architect of FHFA’s New Capital Rule, Adolfo Marzol, to Depart

December 4, 2020
Dennis Hollier

Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”


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Waiting for Word from Caliber on an IPO Date

December 4, 2020
Paul Muolo

A few weeks back, Caliber CEO Sanjiv Das was part of an online panel on affordable housing. The other panelists: former President Bill Clinton and Atlanta Mayor Keisha Lance Bottoms...


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