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
During the mortgage crisis, servicers recruited people from the origination business to help with loan modifications. Now the two sides of the industry are coming together in a new way.
The statute of limitations on private lawsuits against trustees and servicers of housing bubble-era residential mortgage-backed securities could run out in a few years.
Widows, divorcees and others who inherit or otherwise receive mortgaged property often have a hard time getting loans modified because there are too many hurdles to proving they own the property.
The government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.
As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.
QRM clarified the rules of the road for securitizations. Now, participants in the MBS world seeking better margins are looking beyond the safe harbor to the subprime space.
A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1 billion of losses related to its role as trustee for residential mortgage securities.
Lenders and servicers that haven't complied with the Federal Housing Administration's lower cap on late fees better do it soon.
The agency that insures government loan securitizations could use some more subservicers because it is concerned that so much of its issuance gets outsourced to a small number of players.
After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.
The Consumer Financial Protection Bureau acknowledges that gearing up for the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures has been tough, and it promises to consider that fact in exams.
The mismatch between demand for new homes and the supply threatens to drive up prices and dampen lending.
SlideshowsSee All »