Fed: Inflation, policy uncertainty are top financial stability concerns
National Mortgage News
by Ebrima Santos Sanneh
14h ago
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections ..read more
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How a Tennessee credit union uses generative AI to foster fair lending
National Mortgage News
by Frank Gargano
14h ago
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions ..read more
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Why private capital should be allowed to provide liquidity to Ginnie Mae servicers
National Mortgage News
by Edward DeMarco
14h ago
Banks and other private lenders could help ease the liquidity crisis facing some companies that service Ginnie Mae mortgages, but are currently prevented from doing so by the agency's rules. A simple fix would benefit everyone involved ..read more
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Ginnie Mae President Alanna McCargo to retire
National Mortgage News
by Bonnie Sinnock
17h ago
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change ..read more
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Freddie Mac home-equity loan proposal gets pushback from SFA
National Mortgage News
by Bonnie Sinnock
19h ago
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said ..read more
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Why PrimeLending remains challenged in near term
National Mortgage News
by Brad Finkelstein
19h ago
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism ..read more
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Climate risk? "Urgent but manageable" industry stakeholders say
National Mortgage News
by Maria Volkova
1d ago
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday ..read more
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FHLBs should double financing for affordable housing, regulator says
National Mortgage News
by Spencer Lee
1d ago
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers ..read more
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Non-QM delinquencies rise, but losses remain subdued
National Mortgage News
by Brad Finkelstein
2d ago
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said ..read more
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Ginnie Mae wants more details on mortgage defaults
National Mortgage News
by Bonnie Sinnock
2d ago
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting ..read more
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