Bonnie Sinnock

Bonnie Sinnock

Bonnie Sinnock has been writing for National Mortgage News since 1995. She also has worked on other SourceMedia publications as an editor and a reporter.

All Bonnie Sinnock's Stories
In a move designed to help further calm lender fears about mortgage repurchase liability, Fannie Mae is preparing to offer immediate representation and warranty relief to lenders that use its suite of automated quality assurance technology.
The Internal Revenue Service's indefinite delay of a deadline for a new authentication procedure has headed off concerns about potential interruptions in mortgage production.
Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.
With the myriad home price indices available to the mortgage industry, it's difficult to determine which offers the most cost-effective insights about a particular market. Granularity is a key selling point, but not a one-size-fits-all solution.
Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?
Here's a look at some of the mortgage industry's most pioneering ideas and trends that have created legacies that have outlasted the companies that established them.
Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.
So long as government-backed entities are guaranteeing 90% of originations, competition that could result in greater mortgage options for borrowers is being stifled. But a return of private capital to the market, possibly through securitization, could fix that.
Equifax and TransUnion have stopped selling traditional credit reports, forcing lenders to buy their new, more expensive "trended" data reports that mortgage investors aren't using yet.
Servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain requirements in its final servicing rule. Now they may regret it.
Fannie Mae earned $2.9 billion in the second quarter, a step up from its first-quarter earnings, but Chief Executive Timothy Mayopoulos reiterated warnings about future volatility.
As if high default costs haven't been challenging enough for mortgage servicers, a growing number of seriously delinquent loans are Federal Housing Administration products, which require significant upfront investment to resolve.
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