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Blend Shortens Pre-approval for Lender Clients

October 4, 2019
Yemeng Yang
The fintech company rolled out a new product to help simplify the pre-approval process for its lender clients.
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Co-Working Model May Pose Risk to Commercial MBS

October 3, 2019
Yemeng Yang
After WeWork’s failed initial public offering, investors are questioning the risk a co-working model poses to commercial MBS.
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Connecticut Lender, Regulator in Licensing Row

October 3, 2019
Yemeng Yang
A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.
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Senate Appropriators Ask HUD to Resolve Troubled HECMs

September 27, 2019
George Brooks
Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.
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CFPB Says Its Structure Is Unconstitutional

September 26, 2019
Yemeng Yang
In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.
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Rising Home Prices Boost Home Equity Levels

September 26, 2019
Yemeng Yang
Homeowner equity hit an all-time high in the first half of 2019, thanks to rising real estate values, according to a recent report from CoreLogic.
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Rare RMBS Backed by Manufactured-Home Loans

September 26, 2019
Yemeng Yang
FirstKey Mortgage is prepping a rare residential MBS backed entirely by manufactured-home loans.
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Three Innovation Policies Finalized

September 23, 2019
Yemeng Yang
The bureau has finalized three policies in order to promote innovation in the financial services industry.
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Other News in Brief

September 23, 2019
Yemeng Yang

Industry Asks CFPB to Tread Carefully on QM ‘Patch’

September 23, 2019
Yemeng Yang
A coalition of the nation’s largest lenders, trade groups and consumer advocacy groups have suggested the elimination of the DTI ratio cap and the associated Appendix Q. However, the MBA and Democratic lawmakers have urged the bureau to tread cautiously.
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