Grapevine: UBS Ending Mortgage Trading Operation; Ginnie Disclosures June 1, 2023 Brandon Ivey UBS exiting TBA trading business; Ginnie to increase servicing disclosures; Ellington to acquire Arlington.Read More
Outstanding FHLBank Advances Pass $1 Trillion Mark June 1, 2023 Brandon Ivey The trillion-dollar threshold has only been reached once before.Read More
Lenders Concerned by FHFA Credit Score Proposal June 1, 2023 Brandon Ivey Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.Read More
Colonial Savings to Cease Originations, Hold on to Servicing June 1, 2023 Brandon Ivey Texas-based Colonial Savings, which has been offering home loans since its founding in 1952, will stop originating mortgages at the end of July.Read More
Short Takes: Applications Wane / FHFA RFI on Tenant Protections / DSCR Calculations / Forgivable Second Lien May 31, 2023 Brandon Ivey Interest rates go up again, mortgage applications go down again.Read More
Financial Services Groups Happy With Debt Ceiling Bill May 30, 2023 Brandon Ivey Trade groups endorsing the legislation include the American Bankers Association and the Securities Industry and Financial Markets Association.Read More
Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating May 30, 2023 Brandon Ivey Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...Read More
Outstanding FHLBank Advances Top $1.0 Trillion May 26, 2023 Brandon Ivey Outstanding FHLBank advances have only surpassed $1 trillion one other time. Banks and thrifts — including now-failed institutions — boosted their advance usage in the first quarter. (Includes three data charts.)Read More
FHFA Seeks Extensive Feedback on Single-Family Pricing May 26, 2023 Brandon Ivey FHFA is seeking input on the return on capital standards that apply to the GSEs and components of g-fees, among other issues.Read More
No New Product Submissions Yet From GSEs May 26, 2023 Brandon Ivey FHFA Director Sandra Thompson noted that the GSEs have yet to seek approval for new products under a new FHFA initiative.Read More