Should nonbank mortgage firms be allowed to join the FHLB system? Hard to say, but if they gain access, the business of warehouse finance could be turned on its head. Or maybe not.
After a regulatory dispute over state licensing laws in Connecticut, a skeleton crew remains. But the firm is plotting a comeback, potentially in another state next year.
The CFPB plans to assess the effectiveness of the integrated mortgage disclosure rule, which is almost five years old. But be forewarned: It will not necessarily lead to elimination, or even modification.
The first non-QM MBS from Credit Suisse's DLJ Mortgage Capital relied solely on loans from AmWest Funding. The new security from DLJ is backed by product from multiple lenders.
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