Working in Tandem, Ginnie and FHFA Finalize Eligibility Standards August 18, 2022 Paul Muolo and Dennis Hollier Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed.Read More
FHFA Tweaks GSEs’ Goals for Multifamily in 2023-24 August 18, 2022 Dennis Hollier The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number.Read More
Equifax Credit Score Snafu May Have Had Wider Impact August 18, 2022 Dennis Hollier A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments.Read More
Ginnie and FHFA Release Mostly Simpatico Eligibility Requirements for Servicer/Issuers August 17, 2022 Paul Muolo and Dennis Hollier There are no stunning changes on the required capital minimums...Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
The Decline in GSE MBS Issuance Slows in July August 16, 2022 Dennis Hollier The top three GSE MBS issuers in July: Rocket Mortgage, UWM and PennyMac Financial, all nonbanks...Read More
A New Twist on Mortgage Fraud? Apparently So... August 15, 2022 Dennis Hollier The first hint of this false identity scheme came through a tip to the SFFR team...Read More
Short Takes: A New IP MBS / Trading Low / Title I Comments Due / Wells’ FHA and VA Production / End the Conservatorships Now? August 15, 2022 Paul Muolo and Dennis Hollier A new nonagency MBS has hit the market...Read More
Decline in GSE MBS Issuance Slows in July August 12, 2022 Dennis Hollier Purchase-mortgage business held steady in Fannie/Freddie MBS issuance in July while refinance volume continued to drop. (Includes two data charts.)Read More
FHFA Requiring Servicers to Retain Fair Lending Data August 12, 2022 Dennis Hollier Beginning in March 2023, GSE servicers will have to retain fair lending data. FHFA set the requirement, citing lessons learned during the pandemic.Read More