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Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS

October 11, 2024
Brandon Ivey
No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.
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Short Takes: Projecting Impact of Hurricane Milton / Pending Home Sales Tick Up / Discount on Non-Agency Refis / Distillery Acquires Mortgage Tech Provider

October 10, 2024
Brandon Ivey
Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.
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Short Takes: MSR Financing Securitization From Freedom / Stable Outlook for AmWest / Chat With a Document / Velocity’s Latest Non-Agency MBS

October 3, 2024
Brandon Ivey
Freedom Mortgage is set to issue a $255.0 million transaction tied to financing acquisitions of mortgage servicing rights for loans associated with Fannie Mae.
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FHA Offers Some Concessions on Cybersecurity Reporting

October 1, 2024
Monica Hogan
FHA said the revisions more closely align with computer-security incident notification standards crafted by the federal banking agencies.
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FHFA Faulted for Insufficient Disaster Recovery Efforts

September 27, 2024
Brandon Ivey
The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.
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Mortgage Partnership Provider Raises $9.2 Million

September 25, 2024
James Dohnert
Seed funding was raised from Redwood Trust Ventures and Silicon Valley Bank, among other investors.
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UWM Offers Tool to Help Brokers With Refis

September 12, 2024
Brandon Ivey
Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.
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Short Takes: Lenders Urged to Support YIMBY Bill / Unlock Raises Funds / FHFA Tech Spring Award Winners

September 3, 2024
Brandon Ivey
The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.
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Company Reputation a Top Concern for Borrowers

August 30, 2024
Shannon Clark
Lenders are advised to make use of client reviews, referral programs and relationships with others in the financial sector.
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Short Takes: Sparrow Partners With Calque / Workday, Equifax Team for Employment Verification / Zombie Foreclosures on the Decline / FTC Noncompete Ban Blocked by Judge

August 23, 2024
James Dohnert

The new Sparrow/Calque product would allow borrowers to tap home equity to purchase a new home before they sell the current one.


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