Limited earnings potential from originations and ongoing consolidation are likely to keep the supply of MSRs at healthy levels, according to officials at Annaly Capital Management.
A vote on a legislative package that would’ve raised fees on streamlined VA refis was postponed in Congress after Republicans narrowly dodged a motion to send it back to committee.
At his confirmation hearing, Brian Johnson pledged to prioritize consumer protection, promote accountability by ensuring the CFPB acts within its statutory limits and modernize bureau operations.
The draft CFPB Reform Act, which is backed by CFPB Acting Director Russell Vought and House Republicans, seeks to bring the agency under the appropriations process, among other reforms.
The bureau has called for feedback regarding the TILA-RESPAIntegrated Disclosure rule, issues involving reverse mortgages and fee disclosure tolerance thresholds.