American Banker, Feb. 5, 2021–Kate Berry (subscription)Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized …
Category: Top National News
MBS Investors Look for Signs Homeowner Refinancings Have Peaked
Bloomberg, Feb. 5, 2021–Christopher MaloneyMortgage-bond investors are looking for signs that the wave of American homeowners refinancing their loans may have crested. (MBA mention)https://www.bloomberg.com/news/articles/2021-02-05/mbs-investors-look-for-signs-homeowner-refinancings-have-peaked
Acting CFPB Chief Signals Tougher Stance Against Redlining
National Mortgage News, Feb. 3, 2021–Kate Berry (subscription)After the agency pulled back on fair-lending enforcement in the Trump administration, interim Director Dave Uejio has made clear his intent to use …
Biden Stimulus Could Worsen Affordable Housing Crisis
HousingWire, Feb. 4, 2021–Kelsey RamirezThe nation’s most influential housing trade groups sent a letter to the House Committee on Financial Services saying any new stimulus package considered would need to …
IMF: CFPB Mortgage Servicer Complaints Drop in Q4
HousingWire, Feb. 3, 2021–Kelsey RamírezMortgage servicers received less complaints at the Consumer Financial Protection Bureau in the fourth quarter of 2020, according to data from Inside Mortgage Finance. (MBA mention)https://www.housingwire.com/articles/imf-cfpb-mortgage-servicer-complaints-drop-in-q4/
Share of Impaired Non-QM Loans Fell to Pandemic Low in December
National Mortgage News, Feb. 3, 2021–Brad Finkelstein (subscription)The performance of non-qualified mortgages improved in December, as the share of impaired loans declined despite a resurgence in COVID-19 cases, a dv01 …
BofA Triples Affordable Homeownership Commitment To $15B
National Mortgage Professional, Feb. 3, 2021–Navi PersaudBank of America is tripling its affordable homeownership commitment to $15 billion through 2025, with hopes to help more than 60,000 individuals and families …
HECM Endorsements Jump Considerably In January 2021
National Mortgage Professional, Feb. 2, 2021–Navi PersaudHome Equity Conversion Mortgage endorsements started the new year with a 10.8% increase to 4,539 loans, according to a report from Reverse Market Insight.https://nationalmortgageprofessional.com/news/76339/hecm-endorsements-jump-considerably-january-2021
Servicer Raises $50 Million, Takes Aim at Black Knight
Mortgage Professional America, Feb. 2, 2021–David KitaiTech-driven servicing firm Valon has closed $50 million in series A funding, while also obtaining approval from Fannie Mae to service its government sponsored …
Mortgage Bond Returns Defied Multiple Headwinds in Stellar Month
Bloomberg, Feb. 2, 2021Mortgage investors enjoyed a robust start to the year as January’s excess return came in at a level well above the trailing average for the month, thanks …