The FCC is allowing phone companies to more easily block illegal calls and unwanted calls. Mortgage servicers are concerned that legitimate calls to borrowers will inadvertently be blocked, which could cause problems.
The trade association has created a disclosure template that lenders can give borrowers who apply for adjustable-rate mortgages linked to the London benchmark rate. Industry participants are still trying to determine how existing ARMs linked to LIBOR should transition to a new index.
Issuers say they receive better execution on GSE-eligible investment-property loans in the non-agency market rather than delivering the collateral directly to Fannie and Freddie...
An affiliate of Angelo Gordon is set to issue its first non-QM MBS with what could be a trend-setter: many of the loans were originated by a CDFI. Such loans are exempt from the ATR and risk-retention standards.