FHA Loosens Requirements for Borrowers with Student Loans June 21, 2021 The Community Home Lenders Association: “This is a boon to younger families and individuals saddled with student loan debt that want to buy a home.”Read More
SBC Ranking Member Toomey Wants Investigation Into CFPB ‘Activists’ June 18, 2021 Lisa Burden The senator from Pennsylvania also sent a letter to Rohit Chopra, President Biden’s nominee to run the agency, asking whether he had participated in getting rid of CFPB workers.Read More
Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage June 18, 2021 Paul Muolo Ocwen has its check book out. Who's next on its buying ist?Read More
HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP? June 17, 2021 Paul Muolo HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...Read More
Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal? June 16, 2021 Paul Muolo and Dennis Hollier A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...Read More
Lenders: Risk-Retention Link Between QMs and QRMs Should Stay June 16, 2021 Brandon Ivey The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.Read More
GAO: CFPB’s Fair Lending Reorganization Was a Failure June 15, 2021 Lisa Burden Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...Read More
Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More June 14, 2021 Paul Muolo The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.Read More
Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital June 11, 2021 Dennis Hollier Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...Read More