Ginnie Mae should protect smaller issuers

Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement. The Community Home Lenders Association (CHLA) acknowledges that Ginnie Mae has a responsibility to monitor the risk of its issuers. But, as the only national organization exclusively

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Fair housing complaints remained elevated in 2020

Stay-at-home orders spurred by the COVID-19 pandemic did not have a notable impact on the velocity of fair housing complaints received in 2020 by organizations, according to a yearly trends report published by the National Fair Housing Alliance this week. The report— which aggregates complaints received by private, non-profit fair

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Risks of nonbank mortgage sellers and servicers revisited

An op-ed I wrote that appeared recently in HousingWire on the nature of nonbank mortgage company risks and Ginnie Mae’s proposal to impose risk-based capital and liquidity requirements on their issuers highlighted nonbank lighter safety and soundness regulation as a concern for generally higher risk profiles of these firms relative

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