The SEC was poised to issue a final rule with loan-level disclosure requirements for non-agency MBS earlier this month. The SFIG said it expects the SEC will issue a final rule on the so-called Regulation AB2 in the near future.
Public mention of the Treasury memo was first made earlier this month by former Solicitor General Ted Olson at a GSE shareholders rights advocacy forum in Washington.
Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HLs mortgage sales force.
Two nonbanks among the top five servicers now control almost 9 percent of the residential receivables market. Should regulators be worried? Should the MBA?