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Bonnie Sinnock

Recent Stories From this Author

Freddie Mac to Make Underwriting Tool Free
May 27, 2015 In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use...

Vendors Flood Market with Services to Spot 'Super Lien' Risk
May 26, 2015 In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors...

Alert Sounded About Cheating on Mortgage-Licensing Exams
April 23, 2015 Regulators recently penalized a mortgage firm for keeping a file of licensing-test questions to prep exam takers, the first...

Banks Getting Back in the Market for Mortgage Servicing Rights: Fitch
April 14, 2015 More banks are buying mortgage servicing rights now, reversing a post-crisis shift that saw nonbanks dominate the MSR...

Ginnie Mae Helps Nonbanks Score Cash to Play in Mortgage Market
March 31, 2015 Some nonbank issuers of mortgage-backed securities are wrestling with capital pressures, and Ginnie Mae has cooperated with...

Warehouse Lenders, Mortgage Originators Back on the Same Page
March 26, 2015 Lower-than-expected interest rates and greater demand for purchase loans has been a boon for both mortgage lenders and the...

Relieved Lenders Question Reason for Reverse Mortgage Rule Delay
March 10, 2015 Reverse mortgage originators have not been immune to the wave of regulatory and compliance changes sweeping the mortgage...

Reset Risk Worse than Expected for Underwater HELOCs: RealtyTrac
March 4, 2015 More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties,...

Audit Slams Ginnie Mae for Accounting Lapses in Failed TBW Loans
February 27, 2015 An audit of Ginnie Mae financials identified four "material weaknesses" and one "significant deficiency," primarily related to...

Reverse Mortgage Relief Costly for Industry, Dubious for Consumer
February 3, 2015 The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers...

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