KBR writes, “By 2036, the Treasury's aggregate senior preferred including liquidation preference will have grown to nearly $550 billion"...

Rocket, the nation’s largest residential lender, received a 15-month moratorium on state exams in exchange for participating in the program.

JPMorgan Chase, Northern Trust, Bank of America and Commerce Bank also upped their ABS holdings over the last three months of the year.

JPM, which ranks fifth among all residential originators, will give “philanthropic" capital over three years to help five organizations scale their efforts...

The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...

The HTF will receive about $740 million in 2022, the CMF $398 million.

Submissions will be reviewed by the Office of the Executive Secretary in consultation with the legal division...

The CFPB has issued a detailed process for submission of rulemaking petitions by members of the public. The move is aimed at increasing transparency and curtailing lobbying by former government employees.

The change signals that the CFPB may start bringing more enforcement cases in-house, with the bureau director deciding what does and does not violate the law, according to Mayer Brown attorneys.

Without proper safeguards, the bureau warned, flawed versions of automated valuation models could “digitally redline certain neighborhoods and further embed and perpetuate historical lending disparities.”