Risk management

Fed officially nixes reputation risk from exam practices

Politics and policy, Regulation and compliance, Risk management / Ricky Vasquez

Bloomberg News The Federal Reserve has officially started scrubbing “reputational risk” from its supervisory policies and practices. The central bank announced Monday that it is removing all mentions of reputation and reputational risk from its exam manuals and supervisory materials. In some cases, the agency is replacing those references with discussions of specific financial risks. […]

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Mortgage pros share tips for riding out volatility

Capital markets, Mortgage Rates, Originations, Politics and policy, Regulation and compliance, Risk management / Ricky Vasquez

Short-term market swings are nothing new but the kind of volatility mortgage lenders are dealing with today is driven less by predictable economic indicators and more by geopolitical tensions, trade policy shifts, and global headlines. While volatility has ticked up, it’s not at historic extremes. The CBOE Volatility Index, which measures stress in financial markets,

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Low credit scores in non-QM verge on 10% default rate

Distressed, Risk management, Secondary markets, Servicing, Underwriting / Ricky Vasquez

Nonqualified mortgage performance over the past decade has varied broadly by segment while generating relatively few credit losses on average, a new Kroll Bond Rating Agency study shows Weighted averages show losses from a 3.8% cumulative default rate have been just 0.03%, but the CDR is far higher for a market segment like borrowers with

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NYMT seeks leeway on debt-to-equity ratio to fuel investment

Capital markets, Risk management, RMBS, Secondary markets / Ricky Vasquez

New York Mortgage Trust is staging a consent solicitation to support its latest move into what it considers the right mix and amount of less credit-sensitive assets and higher yielding ones. The company is asking for certain bond investors’ permission to exceed a maximum 8-to-1 debt-to-equity ratio it’s contractually obligated to ensure it meets on

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Bank lending to nondepository mortgage firms rising: Fitch

Capital markets, Originations, Risk management / Ricky Vasquez

Fitch Ratings is starting to look more closely at depository lending involving nonbank financial institutions, including mortgage firms, as unfunded commitments to NBFIs take on a larger role in portfolios. Unfunded commitments to mortgage credit intermediaries by a group of banks Fitch studied totaled over $255.44 billion as of March 31, up from $202.28 billion

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FHFA’s Pulte defers to a higher authority on conservatorship

FHFA, Fraud, Politics and policy, Risk management, Secondary markets / Ricky Vasquez

Bill Pulte, director of what has been known as the Federal Housing Finance Agency, shed light on certain plans he has for the government-sponsored enterprises during an appearance at an industry event on Monday, but deferred to President Trump on a conservatorship exit. Pulte told attendees at the Mortgage Bankers Association’s secondary market conference in

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Fed officially nixes reputation risk from exam practices

Mortgage pros share tips for riding out volatility

Low credit scores in non-QM verge on 10% default rate

NYMT seeks leeway on debt-to-equity ratio to fuel investment

Bank lending to nondepository mortgage firms rising: Fitch

FHFA’s Pulte defers to a higher authority on conservatorship

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