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State AGs Criticize CFPB’s Plans for Trial Disclosure Sandbox

October 29, 2018
A dozen state attorneys general asked the CFPB to withdraw or make substantial modifications to its proposed trial disclosure program.
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CFPB Expands Spanish Glossary of Financial Terms for LEP Borrowers

October 29, 2018
The CFPB recently updated its Spanish glossary of common financial terms in order to help borrowers who do not have a command of English.
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Industry and Consumer Groups Call for ATR Rulemaking on PACE Loans

October 29, 2018
A collection of industry and consumer advocacy groups jointly urged the CFPB to expeditiously start rulemaking to expand ability-to-repay requirements to Property Assessed Clean Energy (PACE) loans.
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CFPB Narrows Scope of Pending Rulemaking on Payday Lending

October 29, 2018
The CFPB said it will focus on ability-to-repay provisions as it tries to overhaul its controversial rule on payday, title and high-cost installment lending.
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Mortgage Complaints Continued to Decline by Double Digits in 3Q18

October 29, 2018
Mortgage-related consumer complaints filed with the CFPB continued to plunge in the third quarter, according to a new Inside the CFPB analysis. [Includes one data chart.]
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Democrats, States Keep the Heat on Mulvaney to Enforce the MLA

October 29, 2018
Democrats on Capitol Hill and state attorneys general are continuing their campaign to get the CFPB to enforce the Military Lending Act.
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Treasury Official Says Reform is a Priority as GSE Execs Bow Out

October 26, 2018
Top officials at Fannie Mae and Freddie Mac extolled the major improvements made at the two GSEs over their decade in conservatorship, and a key Trump administration official reiterated his view that the gains should be preserved.
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Commercial Mortgage Securitization Slowed in Third Quarter, But Gains Posted in Some Sectors

October 26, 2018
Issuance of new securities backed by commercial mortgages fell 4.9 percent from the second to the third quarter of 2018, according to a new Inside MBS & ABS market analysis. [Includes one data chart.]
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A Possible Problem for Ginnie: What if Fannie/Freddie MBS Get an Explicit Guarantee from Uncle Sam?

October 26, 2018
Although legislative reform of Fannie Mae and Freddie Mac is dead for now, Ginnie Mae supporters continue to worry about what might happen to agency MBS spreads if the government-sponsored enterprises get an explicit guarantee on their MBS.
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Sears’ Bankruptcy Likely Has Minimal Impact on CMBS, Potentially Positive in the Long Run

October 26, 2018
The bankruptcy filing by Sears will likely place additional stress on commercial MBS backed by the retailer, but the effect in most deals could be minimal and, in the long term, even positive for the commercial properties, said rating agencies.
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