School Accrediting Body Wins One Against the CFPB. The U.S. Court of Appeals for the D.C. Circuit has upheld a district court ruling that a civil investigative demand (CID) issued by the CFPB against the Accrediting Council for Independent Colleges and Schools (ACICS) is unenforceable. This is a big deal, and not just as it relates to the bureau. “The decision represents the first time in decades that a federal appeals court has struck down an administrative subpoena issued by the federal government,” said Allyson Baker of Venable LLP, who served as one of the lead counsel for the firm on behalf of ACICS....

Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…

The MSR portfolio that MIAC is selling has an average FICO score of 672…

The Sterling loans tend to have tighter underwriting characteristics than Caliber’s contributions.

Meanwhile, over at the Pasadena, CA-based CALCAP, its use of third-party brokers to make loans is just getting underway.

Investors Unite: “We’re encouraged to see that MBA has changed its position on both of these issues and we also note that in their [sic] paper, MBA acknowledges the role of the Federal Housing Finance Agency … in stabilizing the companies during the conservatorship.”

Arch Capital will issue its quarterly earnings this Wednesday, April 26. It will mark the first earnings release following the Arch Mortgage Insurance purchase of competitor United Guaranty…

With 2017 shaping up to be a so-so year for originations, the list of potential buyers of other companies is beginning to grow. Usually, firms that are in the hunt to purchase other shops tend to keep it quiet. Over the past few months, however, several companies have admitted that they’re open to pulling out the checkbook. Included in that camp, at least for right now, are Flagstar Bancorp, Freedom Mortgage, and Impac Mortgage Holdings. Others that are said to be open to deals ...

Although most of the major non-agency segments posted solid increases, the scratch-and-dent market was the star of the show.

A total of $13.38 billion of non-agency MBS was issued during the first quarter of 2017, a sharp 67.1 percent jump from the final quarter of last year, a new Inside MBS & ABS analysis and ranking reveals. Although most of the major segments posted solid increases, the scratch-and-dent market was the star of the show. The $8.09 billion of these deals issued in the first three months of the new year represented 60.5 percent of total production and it more than doubled the fourth-quarter total. The top two issuers of non-agency MBS – Chimera Investment and Cerberus Capital – earned...[Includes three data tables]