Grapevine: Figuring Out the Fed / Dividends About to Get Squeezed? April 28, 2022 Paul Muolo Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.Read More
Mortgage-Related Complaints Rise Again in 1Q, 'Coop' Leads the Pack April 27, 2022 Andras Malatinszky When it comes to mortgage gripes registered, Wells Fargo was a distant second with 386...Read More
Missing in Action: The Mortgage Industry’s Recommendations Regarding FHFA's Strategic Plan April 25, 2022 Dennis Hollier MBA expressed reservations about FHFA’s pursuit of examination authority over nonbank servicers, efforts to ensure a level playing field and more...Read More
Home Lenders Temporarily Drop Tax Transcript Requirement April 22, 2022 Brandon Ivey Among the lenders known to have suspended the underwriting requirement are PennyMac, AmeriHome and...Read More
CHLA Pushes for Less Stringent GSE Eligibility Requirements April 19, 2022 Dennis Hollier Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.Read More
FHA Adds 40-Year Loan Option for COVID-19 Recovery April 19, 2022 Monica Hogan Earlier this month, FHA issued proposed rule-making for a permanent 40-year loan option and is taking comments through May 31.Read More
Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire April 18, 2022 Brandon Ivey One MBA official said currently only 15 states allow for remote work permanently...Read More
Shut for Repairs: FHA's Loan Review System April 18, 2022 Monica Hogan FHA estimates access to the LRS will be restored by April 25...Read More
Lenders Far and Wide Slam 'Junk Fees' Rule April 15, 2022 Sam Manas MBA believes the proposal would "only serve to add complexity and cost to lender operations and confuse consumers"...Read More
California Nonbank CRA Bill Scaled Back (For Now) April 12, 2022 MBA said the action to “remove the most detrimental aspects of the bill” was in response to an advocacy campaign...Read More