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FDIC Action Led by Chopra Risky, Attorneys Suggest

January 18, 2022
Sam Manas
Attorneys expressed dismay over how a procedural disagreement tied to a request for comment morphed into a partisan brawl over who holds authority.
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Ninth Circuit Revives Class Action Against DHI Mortgage

January 18, 2022
Sam Manas
A district court had allowed DHI Mortgage Co. to compel arbitration on employment-related claims brought by a former employee.
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CFPB Ombudsman Office to Survey Supervision Entities

January 18, 2022
Sam Manas
The selection of survey participants will be based on the region, product line and entity type and will remain confidential, the CFPB said.
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Other News in Brief

January 18, 2022
Sam Manas
HMDA filing period opens; CFPB issues medical debt bulletin; CFPB sues debt collectors; CFPB files amicus brief in MLA lawsuit; OIG releases quarterly work plan.
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High-Risk Lending Edges Up at Fannie and Freddie

January 18, 2022
Namrata Bhatia
Meanwhile, the share of low-risk loans — those with credit scores above 700 — dropped to 68.5%...
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Rice Park Secures MSR Money, Targets $70B in Acquisitions

January 18, 2022
Paul Muolo
Rice Park said it wants to “build a large scale and durable MSR investing business.”
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A Production Decline and Lower Mortgage Earnings for Truist

January 18, 2022
Paul Muolo
The weighted average coupon of Truist's MSR portfolio: 3.44%...
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FHFA Rejects GSEs’ DTS Plans, Wants Revisions

January 18, 2022
Dennis Hollier
Advocacy groups representing these underserved markets sharply criticized the plans, arguing the GSEs actually proposed reduced loan targets...
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Thompson Gives a Deft Performance at Confirmation Hearing

January 14, 2022
Dennis Hollier
Biden’s FHFA nominee Sandra Thompson has made it clear that the agency can’t end the conservatorships without help from the Departments of Treasury and Justice and, most importantly, Congress itself.
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Fed Contemplates Runoff of Agency MBS

January 14, 2022
Dennis Hollier
Fed Chair Jerome Powell told the Senate Banking Committee that the central bank could begin to reduce its portfolio of Treasuries and mortgage bonds later this year.
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