Servicers Expect End of COVID Forbearance to be Manageable September 23, 2021 Brandon Ivey Many of the borrowers facing the end of their forbearance plans are struggling financially. Servicers say they’re ready to help, and for those who can’t resume payments there’s home price appreciation to bank on.Read More
Grapevine: Appraisal Bias; Lenders Embracing WFH for Long Term September 23, 2021 Brandon Ivey Freddie finds trends of bias in appraisal practices; Freedom Mortgage and Mr. Cooper will allow employees to work from home long term.Read More
SFA Pushes for New Standards on Non-QMs September 22, 2021 Brandon Ivey SFA CEO Michael Bright says industry needs a standards-setting organization to build non-agency MBS market.Read More
Mr. Cooper’s Employment Will Be ‘Home Centric’ Following Pandemic September 22, 2021 Brandon Ivey More than 98% of Mr. Cooper's nearly 10,000 employees were working from home as of the end of 2020.Read More
Short Takes: Senate Set to Confirm Chopra at CFPB / US Bank to Buy MUFG / Rocket Upsizes Debt Offering September 22, 2021 Dennis Hollier and Brandon Ivey
MBA Launches Initiative to Address Racial Homeownership Gap September 21, 2021 Brandon Ivey The MBA's new effort is named "Building Generational Wealth Through Homeownership."Read More
AmWest to Issue its Own Non-Agency MBS September 21, 2021 Brandon Ivey Between the start of 2020 and the end of June 2021, AmWest ranked third among contributors to expanded-credit MBS.Read More
Freddie Mac More than Doubles the Cap on its STACR Repurchases September 21, 2021 Brandon Ivey The GSE boosted the tender cap from $650 million to $1.63 billion.Read More
Short Takes: Freddie Details Appraisal Bias / Results from Genworth’s IPO / Rocket’s Debt Offering / FoA’s MBS September 21, 2021 Brandon Ivey Freddie Mac's analysis on appraisal bias was based on 12 million appraisals spanning 2015 through 2020.Read More
CoreVest to Issue its First Securitization of Bridge Loans September 20, 2021 Brandon Ivey Redwood could generate an ROE approaching 30% from the securitization.Read More