Larger Banks Boost Mortgage-Banking Earnings in 3Q December 19, 2024 Namrata Bhatia JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.Read More
FHA Proposal Aims to Increase Servicer Liquidity December 19, 2024 Monica Hogan FHA is considering reimbursing servicers for tax and insurance advances earlier in the default process.Read More
Short Takes: Fannie Expects Steady CRT Issuance / Housing Starts Increase / Home Sales Slower Than Expected / Moody’s Affirms Assessment of Mr. Cooper December 19, 2024 Brandon Ivey Fannie Mae projects that its issuance of credit risk transfer transactions in 2025 will be similar to issuance in 2024.Read More
CFPB Sets ATR Requirements for PACE Loans December 18, 2024 Shannon Clark The final rule establishes ability-to-repay requirements for Property Assessed Clean Energy loans.Read More
CFPB Issues Warning on Servicing After a Divorce, Death December 18, 2024 Brandon Ivey Some mortgage borrowers are “being caught in a customer service doom loop,” according to the CFPB.Read More
SCOTUS Denies Request to Take Up CFPB ABS Lawsuit December 17, 2024 Shannon Clark The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.Read More
HUD Urged to Revise Effort on Servicing Convenience Fees December 17, 2024 Monica Hogan The Mortgage Bankers Association noted some notices of violation sent by HUD’s Mortgagee Review Board seek civil monetary penalties for violations of the National Housing Act, and others mention other administrative actions.Read More
Short Takes: ‘No Meaningful Decline’ Expected for 10-Year / Confidential Report on Basel III / Demand Increases for Purchases of New Homes / Homesteading Proposal December 17, 2024 Brandon Ivey Fannie Mae economists forecast “no meaningful decline ” in the 10-year Treasury rate in 2025.Read More
Servicing Outstanding Grows in 3Q With Push From FHA/VA December 13, 2024 Brandon Ivey Ginnie Mae servicing outstanding increased by 1.8% during the third quarter.Read More
SFA Revamps Data Fields for Prime Non-Agency MBS December 13, 2024 James Dohnert The Structured Finance Association is aiming to replace the data tape established by the American Securitization Forum in 2009.Read More