An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

Politics & Money

What the industry wants from the FHFA, and what it may get

How does the mortgage market’s desire for predictability figure into Biden’s agenda?

HW+ Sandra Thompson + Joe Biden
President Joe Biden and Sandra Thompson, Acting Director of the FHFA

Just hours after the Biden administration appointed Sandra Thompson, a longtime regulator, to take the wheel at the Federal Housing Finance Agency (FHFA), a group representing independent mortgage bankers had some suggestions.

But first, the Community Home Lender Association made it clear to Thompson and U.S. Treasury Department Secretary Janet Yellen that it wanted to put the policies of the last administration in the rearview window.

“Neither of you were involved in the adoption of the January PSPA restrictions, which were implemented just days before the outgoing Administration left office,” the letter said.

The Washington, D.C.-based trade group went on to ask that the 7% cap on GSE purchases of mortgages for investment properties and second homes be ultimately eliminated. It also asked that the $1.5 billion individual lender cash window cap be raised to $5 billion, remedying a policy that it said created “arbitrage profit opportunities for Wall Street Banks.”

In her first week as acting director of the FHFA, Thompson has taken actions to preemptively align Fannie Mae and Freddie Mac servicers with a rule to safeguard borrowers. She lowered barriers for COVID-19-impacted borrowers to reduce their interest rates. She has also reiterated the Biden administration’s commitment to closing the racial homeownership gap.

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