Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked March 13, 2023 Paul Muolo In 2022, FRB funded $31.6 billion in non-agency jumbos, an 8% gain from 2021...Read More
Former Non-QM Warehouse Lender Pulls the Plug March 9, 2023 Dennis Hollier Silvergate threw its profitable non-QM business headed by Elaine Batlis out the window...Read More
How Many Servicing-Related Bills Are Out There? About 500 March 8, 2023 Sam Manas Time to lawyer-up? How's your compliance department? More servicing-related legislation is pending in the states...Read More
A Significant Appraisal Change From Fannie Mae? March 8, 2023 Dennis Hollier The government-controlled mortgage giant seems to be transitioning away from traditional appraisals...Read More
Trouble Expected in Implementing FICO 10T and VantageScore 4.0 March 7, 2023 Dennis Hollier Every single model that will use the new credit scores will have to refitted...Read More
Short Takes: Fannie’s Appraisal Change / Businesses Seek Intervention by Congress on FTC’s Noncompete Proposal / No Layoffs at UWM / Angel Oak’s REIT Rebrands March 2, 2023 Brandon Ivey Fannie Mae is "moving away from implying that an appraisal is a default requirement."Read More
CFPB Likely to Survive Supreme Court Challenge March 1, 2023 Brandon Ivey The CFPB's funding structure may be found to be unconstitutional, but that doesn't mean that the regulator will go away...Read More
HUD Seeks Feedback on Loan Rehab Program February 28, 2023 Monica Hogan The standard 203(k) mortgage covers projects with a minimum repair cost of $5,000...Read More
FHFA Delays Rule Requiring Prior Approval of New GSE Products February 24, 2023 Dennis Hollier The rule was scheduled to go into effect Feb. 27...Read More
Banking Regulators Not Giving Ground on MSR Risk Weighting February 24, 2023 Sam Manas A Wells Fargo executive addressed the trend of banks pulling out of the servicing business...Read More
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