CFPB Seeks More Details on Credit Report Costs May 21, 2024 Dennis Hollier and Brandon Ivey The CFPB is considering rulemaking or guidance aimed at improving competition, choice and affordability.Read More
Subtle Shifts in Denial Rates for Purchase Mortgages May 21, 2024 Shannon Clark Denial rates on purchase mortgages inched up in 2023 except for FHA loans, where the rate declined.Read More
Ginnie to Allow eNotes in Same Pool as Traditional Paper May 21, 2024 Dennis Hollier Ginnie will begin mixing eNotes and paper notes within the same pools.Read More
CSBS Proposes Increasing Fees for Licensing Activities May 21, 2024 Brandon Ivey The proposed increases range between about 17% and 25%, depending on the fee.Read More
Short Takes: FHA Increases Allowable Fee for Assumptions / Ginnie Requires Plans From Large Nonbanks / New CRT From Fannie / FDIC Chair to Resign May 21, 2024 Brandon Ivey The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.Read More
MBA Chief Derides Over-Regulation in General and at CFPB in Particular May 20, 2024 Paul Muolo Broeksmit said the Biden Administration also is causing trouble with the "so-called" Basel III endgame proposal...Read More
Bank MSR Balances Keep Slip Sliding Away May 20, 2024 Brandon Ivey The five largest banks in terms of servicing for others all reduced their portfolios in the first quarter.Read More
Small Gains in MSR Values May 20, 2024 Paul Muolo MSR values are shaped by interest rates, asset desirability, hedging techniques and more...Read More
AU Algorithms (AI) Under Attack in Two States. GSEs Could Be Impacted May 20, 2024 Dennis Hollier The AU systems embedded in Fannie’s Desktop Underwriter and Freddie's Loan Product Advisor could be impacted...Read More
Short Takes: Another Debt Offering From PFSI / Paying Dividends / 5,000 Brokers / GNMA Moves Forward on Digital / Subservicer Hires Industry Vet Vida May 20, 2024 Paul Muolo Roughly 5,000 brokers attended UWM's event in Pontiac last week...Read More