MBA Supports Expanding FHLB Membership to Include Nonbanks June 24, 2020 Dennis Hollier MBA suggests that mortgage-investing REITs also would benefit from the relaxation of the FHLB’s eligibility regulations...Read More
CFPB Offers Relief for Servicers to Provide More Loss-Mitigation Options June 24, 2020 Yemeng Yang The interim final rule goes into effect July 1...Read More
FHFA Once Again Expresses Its Desire to Examine Nonbank Seller/Servicers June 23, 2020 Dennis Hollier The FHFA is pushing for legislation that will allow it “to examine the records, operations and facilities” of all Fannie/Freddie servicers – an expansion of its supervisory role over nonbanks. Read More
CFPB Issues QM Proposal. A Game Changer or Something Else? June 23, 2020 Yemeng Yang and Brandon Ivey The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.Read More
CFPB Rolls Out Customized Advice to Financial Firms it Regulates June 19, 2020 Yemeng Yang Under the program, companies can submit specific queries identifying uncertainty in existing rules...Read More
The COVID-19 Forbearance Tally Keeps Falling June 19, 2020 Paul Muolo Forbearance tallies keep falling, which is good news for both servicers and consumers... Read More
Policymakers Demand DACA Mortgage Probe June 18, 2020 Maria Volkova Alterra Mortgage President Miguel Narvaez: “And what happens is that no one wants to take the risk of doing loans that FHA will not insure.”Read More
SFA Chief Bright Sees Fed Expanding TALF to Include Jumbos June 12, 2020 Brandon Ivey SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF... Read More
Lenders Ponder FHA LLPAs. Reason: Forbearance June 11, 2020 Paul Muolo Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.Read More
17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans? June 10, 2020 Paul Muolo The Mortgage Bankers Association has been silent on the issue, until now... Read More