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JPMorgan Chase Packing Prime Loans into its First Non-QM MBS

April 9, 2019
Brandon Ivey
All of the mortgages were originated by Chase, predominantly through the correspondent channel...
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Look Who’s Gaining in the Agency Market: Loan Brokers

April 9, 2019
John Bancroft
Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…
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Other News in Brief

April 8, 2019
Senators Seek Data on CFPB Oversight of Student Loan Servicers; House Financial Services Committee Approves Waters’ CFPB Bill; Utah Creates a Regulatory Sandbox for Fintech Firms; CFPB Settles with Online Lead Aggregator.
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Discrimination in Online Housing Ads Red Flagged

April 8, 2019
Recent moves by federal regulators and lawmakers signal increasing scrutiny over online platforms for housing discrimination.
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No Decision Yet on Curbing Access to Complaint Database

April 8, 2019
In May of last year, then acting Director Mick Mulvaney threatened to end public access to the CFPB’s consumer complaint database, calling it “a Yelp run by the federal government.” He issued two requests for information about complaint reporting and handling processes.But it’s been nearly a year since then, and the bureau still hasn’t decided what it should do with the complaint database.
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GAO Asks CFPB to Examine CRAs For Data Security

April 8, 2019
A recent Government Accountability Office report suggests the CFPB prioritize data security when examining credit reporting agencies.
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CFPB Examined Nonbanks Outside Jurisdiction: OIG

April 8, 2019
The Office of Inspector General for the CFPB in a new report revealed that the bureau inadvertently scheduled examinations of non-banks that were outside its supervisory jurisdiction, burdening the firms and wasting the agency’s resources.
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Expanded HMDA Data Could Lead to More Scrutiny

April 8, 2019
The public release of the significantly expanded loan-level data reported by lenders has sparked fear among industry participants of increased scrutiny from regulators and public interest groups.
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Consumer Complaints Drop Further in First Quarter ’19

April 8, 2019
Consumer complaints filed with the CFPB continued on a downward path in the first quarter, according to a new analysis by Inside the CFPB. [Includes one data chart.]
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State Regulators Step Up Consumer Protection

April 8, 2019
State regulators are enhancing their scrutiny of financial firms, particularly with regard to debt collection and fair lending, given the perceived pullback from the CFPB, state officials and experts said while speaking at a conference hosted by the Consumer Bankers Association last week.
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