Ten Democratic state attorneys general urged a federal district court to deny the Office of the Comptroller of the Currency’s motion to dismiss a complaint challenging two of its recent final rules.
The firm started originating expanded-credit mortgages in September 2025 and had relied on other issuers to distribute its expanded-credit originations into MBS.
Lenders working with loan participation structures should know the difference between the legal structure and accounting treatment, according to players in the sector.