FHFA's final "living wills" rule ignores industry concerns

Calabria is trying to finish what he started before he's replaced by Biden administration.

FHFA's final 'living wills' rule ignores industry concerns   The FHFA's final rule on the 'living wills' for GSEs ignored the vast majority of industry comments, David Stevens writes. So why is the industry silent? Foreclosures down in April as moratorium continues   RealtyTrac and ATTOM Data Solutions found the number of properties with foreclosure filings in April are down 1% month over month and 17% year over year. Why are some lenders falling behind?   Top lenders have figured out the secret to working in this new environment despite high volumes. They know it takes more than patchwork solutions and one-size-fits-all tools. Thriving lenders find the balance between workflow automation and risk management with this secret.    Reveal their Secret! Sponsored by DataVerify How new GSE guidelines will push more borrowers to non-QM   New GSE guideline updates to Fannie and Freddie forces them to cap the amount of second home and investor properties delivered at 7%. This means a meaningful amount of supply will have to come to the non-QM Sector. Presented by Acra Lending How appraisers value homes in a hot housing market   How do appraisers value a home in a market where prices are escalating rapidly – and where nearly two-thirds of listed homes faced bidding wars in March? HW+ Premium Content Bridge the gap between origination, the secondary market and servicing with NTC's specialized Post-Closing services We leverage our expertise and staff to streamline the overall process while reducing the bottom line - allowing for a customizable solution that improves flexibility and quality. Learn More! Sponsored by Nationwide Title Clearing How do we make real progress on the homeownership gap?   "I would argue that public policy has actually eroded the strength of forceful leadership needed to make any dent in this area," David H. Stevens, former president and CEO of the MBA, said, addressing minority homeownership. HW+ Premium Content Mortgage rates manage another dip to 2.94%   Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. New Podcast Ep: Building a More Inclusive Industry One Event At a Time On this Clear to Close episode, we sit down with NEXT Co-founders Jeri Yoshida and Molly Dowdy to discuss the changing role of women in the industry, increasing visibility for underrepresented groups, and flipping the industry conference format on its head. Listen Now! Sponsored by Maxwell UWM has a plan to win a war of mortgage attrition   UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite. HW+ Premium Content New home sales battled scorching prices in April   Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year. Empowering Lenders to Increase Homeownership with Opportunity Data iEmergent has outlined a new paradigm for how lenders can increase homeownership, especially to under-served and minority households. This white paper covers this paradigm and how lenders can create successful outcomes by turning data into insight, and insight into action. Learn More! Sponsored by iEmergent Best of the rest Mortgage Expert: Reverse Mortgages Have Evolved into Much Better Loans [Reverse Mortgage Daily] Mortgage rates fell again, despite inflation soaring to 13-year high — so what's going on? [MarketWatch] In Housing Markets Like Cape Cod and the Jersey Shore, Homes for Sale Disappeared During Covid [Wall Street Journal] HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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