July 2025
HE Securitizations, Regulatory Rollbacks & a Growing Market for Mortgage Assumptions
Summer is in full swing—we’ve officially hit the halfway mark of 2025, and lenders and servicers are navigating what’s next for the industry and how to best tackle the second half of the year. In this issue, we break down the ongoing impact of regulatory rollbacks and explore how some ratings agencies are changing their views on second-lien reviews. You’ll also find actionable insights on the growing mortgage assumptions market, what it means for compliance teams and how lenders can proactively prepare.
Pete Pannes
Chief Business Officer
The Real Impact of Regulatory Rollbacks
In her latest Compliance Update, Jennifer Keys breaks down the real impacts of recent deregulation, such as the VA’s decision to end its VASP program. With these rollbacks come a different type of challenge for lenders and servicers, including figuring out what’s changed, what still applies and how to adjust internal processes.
Home Equity Issuers Rethink Securitizations
In a recent issue of Asset-Backed Alert, Pete Pannes spoke with Matt Birkbeck about the back and forth between rating agencies and issuers regarding the scope of TPR reviews for second-lien product securitizations. “Reduced scope reviews remove a significant underwriting expense for the issuer and remove a source of friction in the securitization process,” said Pannes. If this were to come to fruition, this change could unlock a massive increase in deal volume.
Preparing for Growth in the Mortgage Assumptions Market
Being able to assume a mortgage as part of a home purchase isn’t a new idea; it’s an option on certain types of loans that has been available for decades. But it has attracted new attention in the current higher-interest, high-cost housing market. Recently, we sat down with Nicole Upshur, Regulatory Counsel at Covius Compliance Solutions, to discuss the “ins and outs” of assumable mortgages.
MBA Newslink: The Compliance Gap is Growing, and Servicers Can’t Afford to Fall in
In her latest editorial for MBA Servicing NewsLink, Jennifer Keys shares actionable insights on how to proactively close the “compliance gap” before it becomes a costly liability.
Chrisman Commentary Podcast Featuring Pete Pannes
Pete Pannes joined Robbie Chrisman, host of the Chrisman Commentary podcast, for an in-depth discussion about Covius’ recent Title365 acquisition news and what it means for the title industry, our company and clients.
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