Another Delay for New Margining Requirements March 9, 2023 Dennis Hollier FINRA said the implementation of the amended Rule 4210 can’t take place until the SEC formally rescinds a 2022 stay.Read More
Crypto-Focused Silvergate Bank Calls It Quits March 9, 2023 Dennis Hollier Less than a week after raising the “going concern” flag, the California lender announced plans to wind down its operations and liquidate.Read More
Title Insurers Increasingly Worried About Unregulated Alternatives March 9, 2023 Dennis Hollier The GSEs’ endorsement of attorney opinion letters in lieu of title insurance has the title industry concerned.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
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
February, a Tough Month for GSE Loan Sales March 6, 2023 Dennis Hollier The top three sellers for February: UWM, PennyMac Financial and Rocket Mortgage...Read More
Larger GSE Sellers Lose Market Share as February Deliveries Plunge March 3, 2023 Dennis Hollier Relative standing among the top GSE sellers depended on how slow deliveries fell rather than how fast they rose. (Includes two data charts.)Read More
FHFA Proposes Revisions to GSE Capital Rule March 3, 2023 Dennis Hollier The GSEs’ regulator has backtracked on its controversial rules for commingled securities.Read More
Falling Home Prices Tank GSE Profits in 2022 March 3, 2023 Dennis Hollier Almost all of the decline in combined GSE profits was due to a spike in loan-loss provisions. But while Fannie’s provisions continued to grow in the fourth quarter, Freddie’s may have peaked in the third quarter. (Includes data chart.)Read More