Repay Rule News Today

Now is about the time when you stop saying “Happy New Year,” either because it is no longer relevant, or you’ve forgotten who you’ve said it to. Lenders and vendors know that the “ability to repay” rules are both relevant and should not be forgotten, and attorney and Mortgage Musing blog author Brian Levy’s latest Musing’s discusses the importance of the Dodd Frank Act’s Ability to Repay Rule and how that keeps both lenders and borro...

The Federal Housing Finance Agency has formally requested public feedback on what its goals and priorities should be in setting the pricing structure.

Fitch Ratings said this week it expects to rate the residential mortgage-backed notes to be issued by BRAVO Residential Funding Trust 2022-NQM3 (BRAVO 2022-NQM3). The notes are supported by 920 loans with a total interest-bearing balance of approximately $387 million as of the cutoff date. There is also roughly $879,000 of non-interest-bearing deferred amounts whose payments or losses will be used solely to pay down or write off the class FB notes.

Fitch Ratings has assigned expected ratings to Starwood Mortgage Residential Trust 2022-4. Fitch said it expects to rate the residential mortgage-backed certificates to be issued by Starwood Mortgage Residential Trust 2022-4, series 2022-4 (STAR 2022-4), as follows:

Fitch Ratings said Tuesday it expects to rate the residential mortgage-backed notes to be issued by BRAVO Residential Funding Trust 2022-NQM2 (BRAVO 2022-NQM2). The notes are supported by 573 loans with a total interest-bearing balance of approximately $270 million as of the cutoff date. There is also roughly $860,000 of non-interest-bearing deferred amounts whose payments or losses will be used solely to pay down or write off the class FB notes, Fitch said.

Fitch Ratings has assigned expected ratings to Imperial Fund Mortgage Trust 2022-NQM4 (IMPRL 2022-NQM4). IMPRL 2022-NQM4 consists of residential mortgage-backed certificates supported by 909 loans with a balance of approximately $392.11 million as of the cutoff date. This is IMPRL's ninth transaction and the fourth to be rated by Fitch. Fitch said it expects to assign the ratings as follows: