The Financial Stability Oversight Council noted the risks posed by nonbank mortgage firms in its latest annual report. But are FSOC's concerns overblown? Trade groups weigh in, as does Treasury Secretary Mnuchin.
Industry veteran Brian Montgomery this week moved a little closer to getting the No. 2 job at HUD after the SBC gave him the thumbs-up. Next stop: the full Senate.
DPA provided by government entities and the disparate-impact standard are among HUD's regulatory priorities for FY 2020, according to the agency's regulatory agenda.
It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.
The non-QM market has been so hot this year that M&A activity is beginning to pick up a head of steam. Luxury Mortgage is the latest lender to pull the sale ripcord. There could be more.
PennyMac Financial is doing so well these days that it decided to declare a dividend to its common shareholders. When’s the last time a nonbank accomplished such a feat? Hard to say.
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