Origination Watch: Reverse Mortgages Take It on the Chin April 1, 2024 Monica Hogan One positive sign for HECMs: Roughly 10,000 Americans, some house rich but cash poor, turn 62 every day...Read More
Court Halts Implementation of Revision to CRA Standards April 1, 2024 Brandon Ivey The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...Read More
FHFA Conducting Targeted Exams of Nonbanks March 29, 2024 Brandon Ivey Between October 2021 and August 2023, 21 exams were conducted.Read More
Subtle Shifts in Securitization Rate as Lending Declines March 29, 2024 Brandon Ivey The securitization rate for residential mortgages was 72.1% in 2023.Read More
Congress Divided on Solutions for Housing Affordability March 29, 2024 Monica Hogan Lawmakers across both parties agree that housing costs are unaffordable, but there's no consensus on how to address the issue.Read More
State Court Ruling Favors CFPB’s Stance in TILA Case March 29, 2024 Shannon Clark The lawsuit centers on whether requirements under the Truth in Lending Act apply to mortgages that are marked as commercial on loan documentation but have certain residential characteristics.Read More
Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly March 29, 2024 Brandon Ivey FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.Read More
Jumbo Correspondent Share Declines After Wells’ Exit March 28, 2024 James Dohnert Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.Read More
Better Shifts to Using Commission-Based LOs March 28, 2024 Brandon Ivey Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.Read More
Presidential Election Will Impact Regulatory Environment March 28, 2024 Monica Hogan Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.Read More
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