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Home » Topics » IMFnews » Regulatory

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Fitch Faults CFPB's Plan to Drop DTI Ratio from QM Determination

February 13, 2020
Brandon Ivey

Fitch believes DTI ratios ensure that borrowers will be able to repay their loans.


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FDIC Passes Safe-Harbor Rule that Aids Private Placements

February 12, 2020
Brandon Ivey

This is “great news” for banks interested in issuing MBS and ABS, according to attorneys at Mayer Brown…


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Plan to Hike Capital for Nonbank Servicers Met with Disdain

February 11, 2020
Dennis Hollier

Some industry trade groups have an uneasy feeling about the proposal...


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Trump Proposes a Hike in Fannie/Freddie Guarantee Fees

February 11, 2020
Paul Muolo

A 10 basis point hike in g-fees will not go over very well with the industry...


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Ginnie in New Round of Risks Talks with Nonbanks

February 10, 2020
George Brooks

Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor.


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FHFA Moves to Shore Up Servicer Liquidity. Is the Industry Prepared?

February 7, 2020

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.


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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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Chase Admits it May Return to FHA Direct Lending. HUD Secretary Applauds the Move

February 6, 2020
George Brooks and Paul Muolo

Former FHA Commissioner Dave Stevens: “The absence of banks in FHA has been a challenge ever since the False Claims Act was used as an excessive enforcement mechanism, making it far too great a risk to participate in the program.”


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FHFA Moves Closer to Ditching LIBOR

February 5, 2020
Dennis Hollier

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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