Kroll Bond Rating Agency placed the 2025 transaction on watch for a possible downgrade, citing concerns with the loss rate on the deal, and the company’s prospects more broadly.
The Mortgage Bankers Association and other industry trade groups have expressed concerns about the CRA proposal of the OCC and the FDIC being finalized without the Federal Reserve.
Residential mortgage originations declined in the third quarter at Bank of America, JPMorgan Chase and Wells Fargo. Even with high interest rates, servicing portfolios appear to be performing well.
Fannie/Freddie executives say UAD 3.6 extensions were offered in response to industry feedback, with just 10% of current flow using the new data standards.