The Loan Syndications and Trading Association said the SEC has clarified that CLO tranches can be classified as receivables for accounting purposes, clearing regulatory uncertainty for banks.
A federal district court judge said a lapse in funding at the CFPB would make it impossible for the bureau to fulfill its obligations under an existing preliminary injunction.
Early effects from FHA’s revisions to its loss-mitigation practices have begun to show up in data, although it will still take time for the longer-term impacts to play out.
Proposed legislation to advertise the benefits of VA-backed loans would add costs for lenders without providing substantial benefits to borrowers, said the Mortgage Bankers Association.