The game is on: MBA wants a single GSE security and will lobby aggressively on the issue.

Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap.

It's official: Come January of next year, Fannie Mae and Freddie Mac will only be able to purchase qualified mortgages.

Residential lenders produced a total of $63.7 billion in new FHA-insured loans during the quarter, down slightly from the previous quarter.

A new investment banking firm wants to help nonbanks raise capital.

The CFPB has ratcheted up its scrutiny of the domestic auto finance industry, subpoenaing a number of U.S. auto lenders over the sale of extended warranties and other financial products, according to a report in the May 3 edition of the Wall Street Journal. Bureau officials said they would not comment on or confirm any potential subpoenas or requests for information. The CFPB interacts with the car-buying public and auto lenders in a variety of different ways. These can include educating consumers, examining and possibly...

Late last week, the CFPB published a small entity compliance guide on its final rule implementing an amendment to the Equal Credit Opportunity Act that has to do with furnishing copies of appraisals and other written valuations to applicants for first-lien loans secured by a dwelling. The final rule, known as the ECOA Valuations Rule, was issued in January and becomes effective Jan. 18, 2014.The guide summarizes the new rule, but it is not a substitute for the rule, the document states. As the guide points out, the ECOA...

The CFPB also issued a small entity compliance guide on its high-cost mortgage rule, otherwise known as the 2013 HOEPA Rule, which implements the Dodd-Frank Act changes to the Home Ownership and Equity Protection Act. The 2013 HOEPA Rule, published this past January, also implements two additional Dodd-Frank counseling requirements that may apply to lenders regardless of whether or not they make high-cost mortgages. Specifically, these provisions require or encourage consumers to obtain homeownership counseling for...

The last of three compliance guides the CFPB published last week for small entities covers the agency’s final rule, promulgated in January with the other banking regulatory agencies, regarding appraisals for higher-priced (i.e., subprime) mortgage loans (HPMLs). The new guide reminds that under the HPML Appraisal Rule, mortgage loans are HPMLs if they are secured by a consumer’s principal dwelling and have interest rates above certain thresholds. Also, when lenders originate a higher-priced first-lien or subordinate-lien loan covered by the...

The Obama administration has formally requested the Supreme Court of the United States to resolve the constitutionality of the recess appointments the president made to the National Labor Relations Board, which were called into question in the Noel Canning v. NLRB decision earlier this year. Industry attorneys widely see the eventual outcome of the Canning ruling to have direct implications for the tenure of Richard Cordray as the director of the CFPB, even though the oversight of the bureau itself is unlikely to suffer...