The proposal would add two new provisions regarding ABS qualification under the NAIC’s principles-based bond definition.

Industry observers don’t expect the move to prompt major declines in interest rates this year.

The Zip transaction is the first buy now, pay later securitization rated by Fitch Ratings.

Banks and thrifts handled servicing on $2.790 trillion of mortgages for other investors at the end of June, down $2.38 billion from March.

The deal is expected to increase Velocity’s origination volume by more than 75% and add almost 40% to its servicing portfolio.

The CFPB said the Dodd-Frank Act requires it to collect, monitor and respond to consumer complaints but the publication of complaint narratives and associated data visualizations is “entirely discretionary.”

Through a new platform, mLOOP, loan officers can discreetly connect with potential employers.

The FirstClose/MeridianLink integration will bring FirstClose’s home equity order management capabilities directly into the MeridianLink loan origination system.

Fannie Mae has reportedly fired 10 senior executives, including senior vice presidents Mark Palim and Devang Doshi.