The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

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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