Browse articles from all of our Newsletters related to State Regulators.
February 23, 2015 - Inside the CFPB
Despite the comparatively small staff of examiners at the CFPB close to 500 Deputy Director Steven Antonakes said in a speech last week that his staff is an x-factor, in that the bureau works closely with other state and federal exam teams to leverage its resources. In military terms, thats known as a force multiplier. The bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks, Antonakes said. As a veteran of two banking crises, I can tell you unequivocally that, in my view, consumer protection is not in conflict with safety and soundness. Consumers benefit from a healthy, competitive, and diversified financial services system through greater access ...
February 12, 2015 - Inside Mortgage Finance
RoundPoint Mortgage, a servicer with more than $41 billion of receivables on its books, is entertaining offers for the entire company, according to industry officials briefed on the matter. Moreover, servicing advisors contend that several large bulk servicing portfolios are ready to hit the market in what should turn out to be a busy late winter/early spring for both buyers and sellers of mortgage servicing rights. In a recent public disclosure, Ocwen Financial said...
January 30, 2015 - Inside MBS & ABS
Ocwen Financial may have to settle with investors in non-agency MBS it services to avoid having the underlying servicing rights being yanked away by a trustee, according to investors and analysts tracking the situation. Early this week, Ocwen attorney Richard Jacobsen sent a letter to the law firm of Gibbs & Bruns, sternly telling the attorneys for some of the RMBS holders that there is no basis for default under the trust agreements. Gibbs & Bruns is working...
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