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News Briefs

April 10, 2026
Abby Zimmardi
Onslow Bay Financial turns to MeridianLink Mortgage for loan origination system; Finance of America launches second-lien reverse-mortgage line of credit.
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Appeals Court Rules Some MBS Subject to ERISA Liability

April 9, 2026
Shannon Clark
Liability under ERISA for MBS structures could be impacted by a recent appeals court’s ruling in a long-running lawsuit.
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Miran Touts Balance Sheet Reduction for the Fed

April 9, 2026
Dennis Hollier
A recent paper co-authored by Federal Reserve Governor Stephan Miran identifies several policy changes that would allow the Fed’s SOMA to be reduced by up to $2.13 trillion.
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AmeriHome Sends GSE-Eligible Mortgages to Annaly

April 9, 2026
Abby Zimmardi
Annaly Capital Management is set to issue a $349.3 million non-agency MBS with loans originated by AmeriHome Mortgage.
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Trump Administration Scales Back Planned CFPB Cuts

April 9, 2026
Shannon Clark
The new proposed staffing plan could allow the CFPB to follow through with a series of directives issued by President Trump in March.
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Mortgage Brokers Spill the Beans on Credit Report Costs

April 9, 2026
Dennis Hollier
The Broker Action Coalition is asking its members to bring their credit report bills to the trade group’s Washington fly-in this month so DC politicians can see how much a monopoly costs.
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Newrez Faces $4.2 Million Fine for Servicing Violations

April 9, 2026
Shannon Clark
Washington state’s financial regulator has accused Newrez of repeatedly violating the state’s Consumer Loan Act through “deficient” mortgage servicing practices.
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Trump Again Seeks HUD Budget Cuts

April 9, 2026
Emmeline Willey
The proposed budget for fiscal year 2027 would reduce HUD’s discretionary budget authority by 12.7% compared to the 2026 funding level.
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Trump Admin Plans to Fire Half of CFPB Staff

April 6, 2026
Shannon Clark
In a court filing last week, the administration offered a revised plan to lay off nearly 53% of the bureau’s current staff, downsizing the agency from 1,174 employees to 556.
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MBA Presses CFPB to Reduce HMDA Burden

April 6, 2026
Shannon Clark
The trade group asked the bureau to raise the loan reporting threshold for HMDA and remove the quarterly reporting requirement. NCRC asked the CFPB to retain its current HMDA data collection efforts.
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