NYDFS Changes Subprime Measurement Tool December 30, 2022 Namrata Bhatia The DFS said Freddie’s decision “disrupted the ability” of lenders to assess whether a loan is subprime...Read More
Outside the Weather's Frightful...NYDFS Proposes Climate-Related Risk Management Rules December 29, 2022 Sam Manas The NYDFS, in a carefully worded statement, said the guidance would be a “basis for supervisory dialogue.”Read More
FHFA Hikes the Asset Cap for CFIs December 29, 2022 Paul Muolo The Bank Act was amended in 2008 to set the statutory cap at $1.0 billion...Read More
MBA Files Legal Brief in Favor of CA Fix-and-Flip Lender December 28, 2022 Namrata Bhatia In 2018, Nicholas and Sharon Honchariw took out a $5.6 million bridge loan from FJM, eventually defaulting on it...Read More
Black Knight Exec Gets Merger Bonus Early December 27, 2022 Sam Manas The bonus was previously disclosed but the payment is being accelerated...Read More
LIBOR? Going, Going, Almost Gone... December 27, 2022 Dennis Hollier The wording identifies new benchmark rates, based on SOFR...Read More
A Sea Change: FHA Clears the Way for Dual Roles on the Same Loan. RESPA? December 22, 2022 Monica Hogan However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...Read More
The GOP, Not Surprisingly, Takes Aim at Chopra December 21, 2022 Sam Manas Chopra noted the market share of ARMs has almost doubled...Read More
CFPB Slams Wells for Being a ‘Repeat’ Abuser of its Customers, Orders $3.7 Billion in Redress December 20, 2022 Sam Manas Wells is the nation's largest servicer of residential mortgages...Read More
Second-Level MBS Issuance Tracks 3Q22 Market Slump December 20, 2022 John Bancroft New rules from the FHFA require Fannie and Freddie to hold more capital for commingled Supers...Read More
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