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MISMO Approves Non-Agency MBS Data Standards

June 29, 2023
James Dohnert
The Mortgage Industry Standards Maintenance Organization released its private-label residential MBS specifications, aimed at making it easier for ratings services to review MBS.
Read More

Maxex Raises Capital, Inks New Partnerships

June 29, 2023
James Dohnert
The new connections and funding are designed to make the loan trading platform available to more sellers, particularly those that focus on agency business.
Read More

Insurers Concerned About Filing Exemption Proposal

June 29, 2023
Sam Manas
A proposal from the National Association of Insurance Commissioners gives NAIC wide discretion in assessing ratings on MBS and ABS.
Read More

Stronger Enterprise Risk Management a Must-Have

June 29, 2023
Monica Hogan
Financial institutions must take a closer look at their enterprise risk management strategies, especially in the wake of recent events in the banking industry, a Ginnie Mae risk analyst warns.
Read More

Industry Needs More Time, Data for Credit Score Shift

June 29, 2023
Dennis Hollier
A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.
Read More

Lenders Meh About Bill Reversing LLPA Changes

June 29, 2023
Dennis Hollier
It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate.
Read More

CFPB, Payments Vendor Settle Over Servicing Error

June 29, 2023
Sam Manas
ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.
Read More

FHFA Faces Pushback on Fair Lending Proposal

June 29, 2023
Sam Manas
The Federal Housing Finance Agency’s proposal to codify its fair lending oversight of the GSEs is rife with redundancies, some say.
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Flood Insurance Legislation Introduced in the Senate

June 29, 2023
Monica Hogan
New Jersey and Louisiana senators are spearheading a new flood insurance reauthorization with a five-year life and premium caps.
Read More

CFPB Plans to Bring Consumer Payments Firms Under Supervision

June 26, 2023
Sam Manas
The CFPB’s latest regulatory agenda included a new larger-participant rule for consumer payments markets. The CFPB is also working on mortgage servicing reforms.
Read More
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