Next week the Federal Open Market Committee will meet for the first time since Kevin Warsh took over as Fed chair.

Hedging could lessen the shock of prepayments for large banks holding mortgage servicing rights. There aren’t similar offsets, though, to mitigate a surge in defaults, according to research from the Fed.

Two Harbors seeks cash-only offer from UWM; Capital One executive nominated for director of CFPB; SPS settles servicing issues with California; First Federal selling third-party origination business to Mortgage Forward; Sunflower Bank and OceanFirst sell multifamily assets.

Following adoption by the 30-largest lenders, VantageScore will focus on making sure technology providers and smaller lenders are prepared to implement its new credit score model.

Industry analysts believe that the bidding war for Two Harbors Investment could inflate future acquisition prices for servicers.

The second postponement of the shareholder vote on CrossCountry’s acquisition offer signals that the bid needs to be higher.

Citi reportedly terminated a special purpose credit program in response to the CFPB’s ECOA final rule.

The Department of Veterans Affairs published its final partial claim policy this week and updated its loss-mitigation waterfall.

A return to activities-based nonbank designation could help the Financial Stability Oversight Council get ahead of nonbank risk.

Lender trade groups argue that the expanded use of alternative valuations by the GSEs will improve the reliability of appraisals.