FHFA

Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae

Retrieved on: 
Friday, September 9, 2022
Microsoft, Government, Instability, Share repurchase, Freddie Mac, OCN, FHFA, Solution, Securities Exchange Act of 1934, Securities Act of 1933, State attorney general, Compliance, GLOBE, MAV, MSR, Straw borrower, Housing, Liberty, Education, Fannie Mae, Federal Housing Finance Agency, Consumer, General Services Administration, Policy, United States Department of Justice Tax Division, California v. Federal Housing Finance Agency, GNMA, GSE, U.S. Securities and Exchange Commission, Forward-looking statement, NYSE, SHARP, Justice, UPB, COVID-19, CFPB, United States Secretary of Housing and Urban Development, HECM, Security (finance), State, HUD, Department, Government National Mortgage Association, PHH, Ocwen, Consumer Financial Protection Bureau, SEC, Form 10-K, PALM, STAR, Annual report, Bank

WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).

Key Points: 
  • WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).
  • We are having discussions with GNMA with respect to their risk-based capital requirements, which take effect at year-end 2023.
  • We are evaluating our alternatives, as well as the costs and benefits of achieving compliance with the GNMA risk-based capital requirements.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

FormFree partners with HomeScout to help lenders identify mortgage-ready borrowers earlier in the home buying journey

Retrieved on: 
Monday, August 8, 2022
Knowledge, Multimedia, FHFA, Industry, CEO, Growth, Database, LLC, ATP, Unintentional radiator, Income, VOA, Partnership, Passport, Employment, Solution, LinkedIn, Housing, Organization, Real estate, Credit, Neotropical otter

ATHENS, Ga., Aug. 8, 2022 /PRNewswire/ -- FormFree® has partnered with HomeScout, a wholly owned subsidiary of FirstClose®, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and concentrate borrower conversion efforts on mortgage-ready home buyers.

Key Points: 
  • "The systemic bias in today's lending model, however unintentional, has created a homeownership gap that has persisted for decades.
  • "Our Qualified Borrower token provides the top-of-funnel intelligence lenders need to responsibly extend credit to more borrowers while curbing sky-high loan origination costs."
  • FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey.
  • With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal.

KBRA Releases SFVegas 2022 Conference – Monday Recap

Retrieved on: 
Tuesday, July 19, 2022
Banking, Professional Services, Finance, CMBS, CNN, Aria Resort and Casino, FHFA, ESG, KBRA, CLO, SFA, ABS, EU

KBRA releases a Monday recap of the SFVegas 2022 conference held in Las Vegas at Aria Resort & Casino on July 17 to July 20.

Key Points: 
  • KBRA releases a Monday recap of the SFVegas 2022 conference held in Las Vegas at Aria Resort & Casino on July 17 to July 20.
  • Monday began with opening remarks from Michael Bright (SFA CEO), followed by a discussion focused on the outlook for macroeconomic and geopolitical trends.
  • Later in the morning, FHFA Director Sandra Thompson and CNN Chief political correspondent Dana Bush each participated in fireside chats.
  • KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada.

Evolve Mortgage Services Appoints Industry Legend Mark Calabria to Join Advisory Board

Retrieved on: 
Monday, July 11, 2022
President Trump, Federal Housing Finance Agency, Solution, COVID, Industry, Knowledge, Freddie Mac, Technology, FHFA, White, White House, TPR, Fannie Mae, EMortgage, Growth, Cato Institute, Financial adviser, Management, Real estate, Evolve

FRISCO, Texas, July 11, 2022 /PRNewswire/ -- Evolve Mortgage Services, a top provider of outsourced mortgage solutions and eMortgage technology solutions, announced today it has added an elite industry legend and luminary, Mark Calabria as a member of its advisory board.  

Key Points: 
  • FRISCO, Texas, July 11, 2022 /PRNewswire/ -- Evolve Mortgage Services , a top provider of outsourced mortgage solutions and eMortgage technology solutions, announced todayithasadded an elite industry legend and luminary, Mark Calabria as a member of its advisory board.
  • Members will serve on the Evolve advisory board for a one-year term from July 1, 2022, to June 30, 2023.
  • Specific areas of the board's primary focus include:
    We welcome our esteemed new advisory board member, Mark Calabria!
  • Evolve Mortgage Services is a top provider of outsourced mortgage solutions and eMortgage technology solutions.

Ceres finds U.S. financial regulators have made significant progress in addressing climate-related financial risk over the past year

Retrieved on: 
Monday, June 27, 2022
U.S. Department of the Treasury, Office of Inspector General, National Credit Union Administration, Federal Housing Finance Agency, Ceres, FHFA, CFTC, Commodity Futures Trading Commission, Self-regulatory organization, Climate change, Climate, Capital market, U.S. Securities and Exchange Commission, Federal Deposit Insurance Corporation, MSRB, Fed, OCC, U.S. Department of Commerce Office of Security, FDIC, Treasury, FSOC, SEC, NCUA, Municipal Securities Rulemaking Board, Federal Reserve Bank, Smart contract, Federal Reserve Bank of St. Louis, Sustainability, Safety, Multimedia, Comptroller, Renewable energy, Bank, Audit, Management

Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.

Key Points: 
  • Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.
  • The 2022 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk , provides an in-depth analysis of the action steps that the agencies have taken to protect our capital markets, financial institutions, and communities from the effects of climate risk.
  • They have identified climate change as a significant financial risk and are working to protect all sectors of our economy from its impacts."
  • For those agencies with authority that encompasses the needs of financially vulnerable communities, there is greater variation in progress.

Commercial Real Estate Finance Council Congratulates Sandra Thompson on Confirmation as FHFA Director

Retrieved on: 
Friday, May 27, 2022
Federal Housing Finance Agency, Fannie Mae, Risk management, Housing, Freddie Mac, Government, Association, FHFA, Dan Sullivan (U.S. senator), Efficiency, Industry, Federal Home Loan Banks, Senate, Thompson, Bank

NEW YORK, May 27, 2022 /PRNewswire/ -- The Commercial Real Estate Finance Council (CREFC) congratulates Sandra Thompson on her confirmation on May 25, 2022, as Director of the Federal Housing Finance Agency (FHFA).

Key Points: 
  • NEW YORK, May 27, 2022 /PRNewswire/ -- The Commercial Real Estate Finance Council (CREFC) congratulates Sandra Thompson on her confirmation on May 25, 2022, as Director of the Federal Housing Finance Agency (FHFA).
  • The U.S. Senate confirmed Thompson for a five-year term in a bipartisan vote of 49-46.
  • CREFC and its members are focused on promoting liquidity, transparency, and efficiency in the commercial and multifamily real estate finance markets.
  • The CRE Finance Council (CREFC) is the trade association for the commercial real estate finance industry with member firms including balance sheet and securitized lenders, loan and bond investors, private equity firms, servicers and rating agencies, among others.

Accurate Group Recognized in HousingWire Tech100 Awards

Retrieved on: 
Tuesday, March 8, 2022
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Banking, Professional Services, Software, Hardware, Data Management, Residential Building & Real Estate, Automation, Accuracy and precision, Organization, Solution, FHFA, Compliance, CEO, Emerge, Technology, GSE, Software as a service, Housing, Real estate

Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced it has been recognized in the 2022 HousingWire Tech100 Awards.

Key Points: 
  • Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced it has been recognized in the 2022 HousingWire Tech100 Awards.
  • The HousingWire Tech100 honorees recognize the most innovative technology companies in the housing economy.
  • Our ValueNet platform has set the industry standard for desktop appraisal technology, and we are very pleased to be honored in the HousingWire Tech100, said Paul Doman, president and CEO of Accurate Group.
  • By combining modern process automation, accurate data and innovative SaaS and mobile technologies, Accurate Group provides its clients with the best combination of speed, quality, regulatory compliance and price.

Economic Growth Expected to Slow as the Fed Wrangles Inflation

Retrieved on: 
Thursday, February 17, 2022
Federal Reserve, Fannie Mae, Uncertainty, ESR, Time, COVID, Housing, GDP, Fed, OTCQB, Consumer, Environment, Economy, Federal, FHFA, Growth, Renewable energy, Aquaculture, Management, Real estate

With inflation at its highest level in four decades, the Fed is expected to enact more aggressive tightening.

Key Points: 
  • With inflation at its highest level in four decades, the Fed is expected to enact more aggressive tightening.
  • In addition to a slowdown in economic activity, the ESR Group expects housing activity to moderate from 2021's highs.
  • If correct, inflation will still be above the Fed's 2-percent target at the end of next year, despite our expectation of more aggressive Fed action."
  • Visitthe Economic & Strategic Research site at fanniemae.com to read the full February 2022 Economic Outlook, including the Economic Developments Commentary , Economic Forecast , Housing Forecast , and Multifamily Market Commentary .

Freddie Mac Sets LIHTC Equity Record with $675 Million in Affordable Multifamily Housing Investments

Retrieved on: 
Tuesday, February 8, 2022
GLOBE, LIHTC, Freddie Mac, Fire, FMCC, Lightning, TruAmerica Multifamily, Investment, HIV, AIDS, Federal Housing Finance Agency, Disability, Program, Survivor, Domestic violence, Housing, OTCQB, Homelessness, FHFA, Congress, Renewable energy, Real estate, Central California

Freddie Macs LIHTC equity investment program benefits those impacted the most by the affordable housing crisis in America, said Steve Johnson, vice president of Small Balance Loan and Targeted Affordable Sales & Investments at Freddie Mac.

Key Points: 
  • Freddie Macs LIHTC equity investment program benefits those impacted the most by the affordable housing crisis in America, said Steve Johnson, vice president of Small Balance Loan and Targeted Affordable Sales & Investments at Freddie Mac.
  • In September, the Federal Housing Finance Agency (FHFA) raised the annual LIHTC equity investment cap from $500 million to $850 million.
  • Freddie Mac rapidly scaled its LIHTC Equity program, adding an additional $175 million to its 2021 investments at lightning speed.
  • The unused balance of $175 million from 2021 will roll over into 2022, allowing Freddie Mac to further grow its LIHTC equity investments in the year ahead.

BTIG Franchise Sales Adds FinTech Strategy and Sales Specialist Michael Turner

Retrieved on: 
Tuesday, January 25, 2022
Banking, Professional Services, Finance, Federal Housing Finance Agency, POS, Assistant, Associate Director of National Intelligence and Chief Information Officer, Direct Corporate Access, Research, Senior management, Financial statement analysis, FHFA, Science and technology in Asia, Partner, Policy, FBR Capital Markets, Financial services, Forecasting, Compass point, Ecosystem, LLC, City, Technology, Financial technology, NFT, Decentralized finance, ETF, Housing, Equity, Asset, Science Policy Research Unit, Secondary research, Bank

BTIG announced today that Michael Turner has joined the firms Franchise Sales division as a Managing Director and FinTech Strategy and Sales Specialist.

Key Points: 
  • BTIG announced today that Michael Turner has joined the firms Franchise Sales division as a Managing Director and FinTech Strategy and Sales Specialist.
  • In his new role with the firm, he will report to Dan Wychulis, Managing Director and Head of BTIG U.S. Strategy and Franchise Sales.
  • He joins an established team focused on the evolution of fintech and banking, traditional finance and the housing ecosystem including, BTIG Mortgage and Specialty Finance Sales Specialist Gabe Poggi, Managing Director, and BTIG Digital Assets Strategy and Sales Specialists Michael Kaye, Managing Director, and David Arnold, Director.
  • Stephen Terry, Managing Director and Head of BTIG FinTech Investment Banking, is leading the firms advisory practice for fintech corporate clients.