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A significant divergence between the FHFA and the Ginnie Mae issuer rules could greatly disrupt the secondary market — and that is precisely the outcome that now faces the mortgage industry, writes the chairman of Whalen Global Advisors.
August 15 -
The Fed's tests have become a menacing countercyclical force that could further drive down liquidity in the mortgage market over the next year, the chairman of Whalen Global Advisors writes.
July 19 -
Unlike two years ago, when the surge of refinance loans created a vast pool of free financing for the industry to use, today lenders must pay for it by the drink.
June 15 -
At the Mortgage Bankers Association Secondary Conference this week, issuers noted their concern about rising delinquency levels, accusations of racial bias in lending, and whether regulators in Albany and Washington are preparing a new campaign against “abuses” in mortgage servicing, the chairman of Whalen Global Advisors writes.
May 19 -
The big threat to the mortgage banking community comes from any future Fed sales of mortgage-backed securities.
April 14 -
The Secured Overnight Financing Rate is a concept in search of an actual forward market, writes Whalen.
March 28 -
If put into force, the Federal Housing Finance Agency’s plan will severely impact the working capital and profitability of IMBs, and reduce volumes in the industry, Whalen argues.
March 7 -
This regulatory development is both good news and bad news, depending upon where you happen to sit in the mortgage process.
February 3 -
COVID loan forbearance championed by progressives has created a new, permanent class of distressed borrower, Whalen writes.
January 5 -
The Consumer Financial Protection Bureau seems to have been turned loose by Chopra in a redux of the bad old days under former director Richard Cordray, when the agency inflicted punishment on the mortgage industry often without any basis in fact, writes Whalen.
December 13