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.
FHA waived new language that complicated how partial payments on delinquent mortgages would affect the legal deadline for servicers to proceed with foreclosure.