= Subscriber content; or subscribe now to access all American Banker content.

Bonnie Sinnock

Recent Stories from This Author

GSE Privatization Would Mean More Competition Between Fannie and Freddie
November 30, 2016 Treasury Secretary-designate Steven Mnuchin's plan to remove Fannie Mae and Freddie Mac from government control could mean...

FCC Denies Mortgage Servicers' Bid for Robo-Calling Waiver
November 18, 2016 The Federal Communications Commission has denied a request to exempt servicers from getting consent before robo-calling...

Mortgage Interest Deduction Safe from Trump, Adviser Says
November 11, 2016 A community banker on the president-elect's economic advisory council says none of his tax reforms target the mortgage...

Will Trump Tackle Housing Finance Reform?
November 8, 2016 Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving...

Will Mortgage Lenders Embrace Fannie's Buyback Relief?
November 4, 2016 Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan...

Tepid Demand for Ginnie Servicing Rights: How Big a Problem Is It?
October 27, 2016 A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.

Fannie Provides Key Details on Relief from Loan Buybacks
October 25, 2016 Fannie Mae is planning to provide relief to lenders from potential buybacks for loans in which the borrower's income, assets...

Fannie to Offer Home Lenders 'Day 1 Certainty' on Loan Buybacks
October 20, 2016 In a move designed to help further calm lender fears about mortgage repurchase liability, Fannie Mae is preparing to offer...

Credit Bureaus Are Making Lenders Buy Trended Data They Don't Need
August 25, 2016 Equifax and TransUnion have stopped selling traditional credit reports, forcing lenders to buy their new, more expensive...

CFPB Rule Gives Mortgage Servicers Enough Rope to Hang Themselves
August 16, 2016 Mortgage servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain...

Servicing Bad Loans Gets Trickier as FHA's Share of Them Grows
July 27, 2016 As if high default costs haven't been challenging enough for mortgage servicers, a growing number of seriously delinquent...

Hundreds of Lenders Still Haven't Used FHA Appraisal Portal
June 27, 2016 The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery...

A Big Surprise for Lenders in Trended Mortgage Data
May 25, 2016 New research findings challenge common assumptions about borrower behavior, illustrating how trended data something mortgage...

Why Ginnie Plans to Stress-Test Mortgage Lenders
May 22, 2016 The secondary marketing agency wants to model how servicers' available cash might stand up to shocks because interruptions to...

Risk-Sharing's Success Creates Accounting Conundrum for GSEs
May 13, 2016 The government-sponsored enterprises' risk-sharing deals are being hailed as an innovative approach for Fannie Mae and Freddie...

Freddie's 1Q Loss at Odds with Its Risk-Sharing Gains
May 4, 2016 Freddie Mac's second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But...

A Ginnie Mae Experiment
April 1, 2016 The government agency that guarantees securitizations of Federal Housing Administration-insured loans is testing a pool type...

Lawsuit to Proceed Against BNY Mellon in RMBS Trustee Role
March 4, 2016 A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1...

Ginnie Mae Reopens Doors to New Issuers
February 29, 2016 After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies...

CFPB Pledges Leeway in Early TRID Exams
February 19, 2016 The Consumer Financial Protection Bureau acknowledges that gearing up for the Truth in Lending Act/Real Estate Settlement...

Podcast
In this episode of Breaking Banks: American Banker's Innovator of the Year, John Hope Bryant of Operation Hope; Richard Brown and Charley Cooper of the blockchain consortium R3; and Ravi Srinivasan, who describes India's drastic move to stamp out cash.