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Bonnie Sinnock

Recent Stories from This Author

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...

Servicers Seek More Say in Regs that Threaten Profits
February 18, 2016 Mortgage servicers are actively discussing with regulators how current rules could be streamlined, and future rules could be...

First-Time Homebuyers Ready, But Builders Holding Back
February 17, 2016 The mismatch between demand for new homes and the supply threatens to drive up prices and dampen lending.

Are Lenders Ready to Give Strategic Defaulters a Second Chance?
February 5, 2016 Remember those homeowners who walked away from their underwater mortgages even though they could still afford their loans?...

Frank Talk, Fast Closings Cinch Mortgage Borrower Satisfaction
November 16, 2015 Lenders are doing a better job keeping consumers informed about the loan process, according to the latest J.D. Power mortgage...

FHA Closes Loophole for Student Debt in Revamped Lender Handbook
November 10, 2015 The added clarity provided by the Federal Housing Administration's revised single-family handbook comes at the expense of...

How Fannie Avoided Freddie's 3Q Fumble
November 5, 2015 Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four...

Deutsche Bank Quits Trading of Agency Mortgage Bonds
October 30, 2015 Deutsche Bank is exiting agency residential mortgage-backed securities trading as part of a larger strategic plan announced...

In Quest to Quell Lender Buyback Fears, Freddie to Boost QC Tech
October 5, 2015 An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of...

Will Tech Advances Hurt the Underbanked?
It's long been assumed that technology will help the financially underserved access the banking services they need. Christine Duhaime, founder of the Digital Financial Institute, a fintech think-tank, says this assumption is wrong.
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