FHFA

Statement by Ryan Donovan, President and CEO, Council of Federal Home Loan Banks on FHFA’s Request for Input on Mission of FHLBanks

Retrieved on: 
Jeudi, mai 16, 2024
Congress, AHP, Federal Home Loan Banks, FHFA, Housing, History, Council, Bank

WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s Request for Input on the mission of the FHLBanks.

Key Points: 
  • WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s Request for Input on the mission of the FHLBanks.
  • “Today, FHFA issued a request for input on the mission of the FHLBanks.
  • The FHLBanks have clearly met these mission objectives throughout their history and continue to fulfill them today.
  • Each FHLBank is either already making additional voluntary contributions or is in the process of increasing its voluntary contribution levels.

Greystone’s Dan Sacks is Fannie Mae’s #1 Multifamily Loan Originator for 2023

Retrieved on: 
Jeudi, mai 9, 2024
FHFA, Senior, Fannie Mae, Trust

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Senior Managing Director Dan Sacks has ranked as the #1 Multifamily Loan Originator for Fannie Mae’s Delegated Underwriting and Servicing (DUS®) platform for 2023.

Key Points: 
  • NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Senior Managing Director Dan Sacks has ranked as the #1 Multifamily Loan Originator for Fannie Mae’s Delegated Underwriting and Servicing (DUS®) platform for 2023.
  • Mr. Sacks also ranks as the #1 originator for volume of Fannie Mae Green loans and Small Loans (defined as loans up to $9 million) for this time period.
  • As Greystone grew its Agency lending market share in 2023, ranking #3 overall for Fannie Mae lenders with $5.1 billion in loan volume, Mr. Sacks’ team contributed to a large majority of this activity.
  • Mr. Sacks commented, "It's truly an honor to be recognized as Fannie Mae's #1 Top Originator in 2023.

KBRA Releases Research – FHFA Closed-End Seconds: Effect on PLS?

Retrieved on: 
Mercredi, mai 8, 2024
Professional Services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, HELOC, Federal Housing Finance Agency, FHFA, PLS, RMBS, Agency, CES, Freddie Mac, Comment, Real estate

This report explores the proposal’s potential overlap with the existing second lien PLS market and the effects the program may have on the size and risk profile of the PLS market post-adoption.

Key Points: 
  • This report explores the proposal’s potential overlap with the existing second lien PLS market and the effects the program may have on the size and risk profile of the PLS market post-adoption.
  • Approximately $8.7 billion have been collateralized via second lien 2.0 PLS transactions through Q1 2024, a small but growing portion of the PLS market.
  • Assuming both GSEs were active in CES purchases, nearly 60% of the CES originated and securitized in today’s PLS market might have been eligible for the GSEs’ proposed program.
  • In general, PLS markets have capably absorbed the current flow of second lien securitization volumes, with spreads in line with the remainder of RMBS 2.0.

QUASAR Unveils Comprehensive Rebrand, Partnership with Former WNBA Player, and an Executive Hire

Retrieved on: 
Lundi, mai 6, 2024
Marketing, FHFA, Investment, Freddie Mac, History, Dawit, Senior, WNBA, ESG, JPMorgan Chase, Asset management, Quality of life

The rebranding initiative encompasses a meticulous redesign of the logo, developing an internal and external brand identity, and a comprehensive overhaul of the company's digital infrastructure.

Key Points: 
  • The rebranding initiative encompasses a meticulous redesign of the logo, developing an internal and external brand identity, and a comprehensive overhaul of the company's digital infrastructure.
  • Moreover, the company upholds a commitment to Environmental, Social, and Governance (ESG) principles, unveiling sustainability initiatives and commitments.
  • QUASAR has partnered with - former WNBA player - Sonia Chase and Chase Your Dreams Academy to help improve the quality of life for at-risk youth.
  • Kenneth Brown, Chief Executive Officer and Chairman of QUASAR, stated, "I established the QUASAR platform in 2008 after a distinguished 15-year career at JP Morgan Chase.

BTIG to Host 4th Annual Housing Ecosystem Conference on May 6-7, 2024

Retrieved on: 
Mercredi, mai 1, 2024
Banking, Professional Services, Finance, Health, Research, FHFA, Ecosystem, Government, Element, Conference, CFA, Housing, Cryptocurrency

BTIG announced that it will hold its fourth annual Housing Ecosystem Conference, which will take place on Monday, May 6 through Tuesday, May 7, 2024, in New York, NY.

Key Points: 
  • BTIG announced that it will hold its fourth annual Housing Ecosystem Conference, which will take place on Monday, May 6 through Tuesday, May 7, 2024, in New York, NY.
  • Company management teams and institutional investor clients will join BTIG for guest speakers, thematic panels and one-on-one meetings.
  • Topics will include the health and future of the U.S. housing market, growth opportunities across the housing ecosystem, and the changing role of capital markets and government in the residential shelter space.
  • “This conference serves as a unique opportunity to exchange ideas and explore the elements driving the housing ecosystem today and into the future.”
    For more information about the conference, email [email protected] .

ALTA Commends Leadership of House Democrats Questioning Administration's Title Waiver Program

Retrieved on: 
Mercredi, avril 17, 2024
Sale, Congress, FHFA, American Land Title Association, Ecosystem, Nickel, Risk, Policy, Housing, State-owned enterprise, Fannie Mae, Member of Congress, Freddie Mac, House, ALTA, Union, Republican, Federal Housing Finance Agency, Democrat, Enterprise Products, Letter

"While well-intentioned, this pilot program will not address the true issue of housing affordability in our communities and puts homebuyers at risk," the members wrote.

Key Points: 
  • "While well-intentioned, this pilot program will not address the true issue of housing affordability in our communities and puts homebuyers at risk," the members wrote.
  • "Title insurance professionals halt fraudulent real estate transactions such as impersonation scams, elder financial exploitation, and attempts to defraud spouses, partners, or other property heirs.
  • "On behalf of title companies in every county nationwide, who work tirelessly every day to protect the American dream of homeownership, we commend the leadership of Rep. Nickel and his Democratic colleagues in raising serious concerns about the administration's title waiver pilot program," said ALTA CEO Diane Tomb.
  • The title waiver program has faced bipartisan backlash from Members of Congress since being revived ahead of the State of the Union.

Change Lending Approved for Membership in the Federal Home Loan Bank of San Francisco

Retrieved on: 
Mercredi, mars 13, 2024
Professional Services, Business, Communications, Finance, Consulting, Banking, Public Relations, Investor Relations, FHFA, Partnership, Bank, Acquisition, Certification, CDFI, FHLB, Federal Home Loan Banks, Treasury, AAA

Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.

Key Points: 
  • Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.
  • This decision was based on the determination that Change satisfied all statutory requirements for membership – including those relating to capital, profitability, and liquidity.
  • Change Lending and its parent company, The Change Company CDFI LLC (“The Change Company”), are each community development financial institutions certified by the United States Department of the Treasury.
  • Steven Sugarman, Founder of The Change Company, stated, “Change Lending is proud to become a member of the FHLB-SF.

Doma Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Mardi, mars 12, 2024
Technology, Insurance, Construction & Property, Finance, Fintech, Professional Services, Software, Artificial Intelligence, Residential Building & Real Estate, FHFA, Environment, Partnership, Risk, Policy, Table, DOMA, Bank statement, Housing, Depreciation, GAAP, Federal Housing Finance Agency, AOL

Doma Holdings, Inc. (NYSE: DOMA) (“Doma” or the “Company”), a leading force for disruptive change in the real estate industry, today reported financial results and key operating data for the three months and twelve months ended December 31, 2023.

Key Points: 
  • Doma Holdings, Inc. (NYSE: DOMA) (“Doma” or the “Company”), a leading force for disruptive change in the real estate industry, today reported financial results and key operating data for the three months and twelve months ended December 31, 2023.
  • Local and associated operations are classified as “discontinued operations” and segregated in the Company’s financial results beginning in the third quarter ended September 30, 2023.
  • The financial results and key operating data highlighted today reflect the continuing operations of Doma, excluding the discontinued Local and associated operations.
  • Doma will host a conference call at 5:00 PM Eastern Time today on Tuesday, March 12, to present its fourth quarter and full year 2023 financial results.

VantageScore® Credit Score Usage Surges 42% to 27 Billion Credit Scores in 2023

Retrieved on: 
Mercredi, avril 3, 2024
Federal Reserve Bank, CARD, Organization, Growth, FHFA, Consumer debt, SAN, Household, Associate, CRA International, WalletHub, Analysis, VantageScore, STRONG, BANKS, Government, Bank

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores. This growth is reflected by increased usage by financial institutions and organizations including banks, credit card lenders, fintechs, consumer websites and government entities, among others. More than 3,400 unique banks, lenders and other institutions used VantageScore in 2023, including eight of the top 10 banks. This is according to the results of the 2024 VantageScore® Market Study Report ("Market Study Report"), a comprehensive, independent third-party analysis conducted by Charles River Associates.

Key Points: 
  • SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores.
  • Overall, usage by financial institutions grew by 46% year over year to nearly 13 billion consumer credit scores in 2023 compared to approximately 9 billion in 2022.
  • Usage among non-financial institutions grew by 39% overall to just over 14 billion scores in 2023 compared to 10 billion in 2022.
  • Overall, the non-financial category grew by 39% from 10.2 billion credit scores to 14.2 billion credit scores.

The National Association of Mortgage Brokers Hosts 33rd Annual Legislative & Regulatory Conference

Retrieved on: 
Mardi, mars 26, 2024
Second Continental Congress, Congress, Conference, FHFA, UnidosUS, National Housing Conference, National Association, Capitol, Freddie Mac, Mortgage broker, HUD, Real estate

WASHINGTON, March 26, 2024 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the first and only membership-led and volunteer-driven organization representing the interests of mortgage brokers and home buyers since 1973, is pleased to invite its members and all mortgage professionals to attend its 33rd annual Legislative & Regulatory Conference in Washington D.C. April 15-17, 2024.

Key Points: 
  • Only volunteer-driven, national organization representing mortgage brokers to host members of the U.S. Congress, FHFA, HUD and additional national thought leaders
    WASHINGTON, March 26, 2024 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers ( NAMB ), the first and only membership-led and volunteer-driven organization representing the interests of mortgage brokers and home buyers since 1973, is pleased to invite its members and all mortgage professionals to attend its 33rd annual Legislative & Regulatory Conference in Washington D.C. April 15-17, 2024.
  • "One of the many ways NAMB has delivered value to its members and the marketplace for 50 years is through its critical legislative & regulatory efforts.
  • To register for NAMB's Legislative & Regulatory Conference, please follow this link .
  • Conference attendees will hear directly from many lawmakers and regulatory leaders during the event including: