A combination of underinsurance and shrinking claim payouts is pushing homeownership out of reach for millions of people, Alanna McCargo, former Ginnie Mae president, warned in an Urban Institute paper.
The criteria are looser than Fitch’s previous standards. The updates include higher penalty on mortgages with DSCR below 0.75x and an expanded modification outcome scenario to derive total loss severities to second-lien collateral.
The Securities and Exchange Commission wants to know whether there are regulatory impediments contributing to the lack of public non-agency MBS offerings.
Rep. Maxine Waters, D-CA, chair of the House Financial Services Committee, asked financial institutions to make sure that shutdown-related arrangements don't end up harming consumers' credit reports, among other requests.