Although some industry groups said it is too soon to get into another massive overhaul, others pointed to the forest of overlapping and confusing documents as a good place to start.

So, will banks stop selling MSRs because of the CFPB? Don’t bet on it. The sales process will just take longer.

Lenders are more cautious in the post-subprime era and they no longer practice “risk layering” on loans to borrowers with less-than-stellar credit histories as they did in the past.

The SEC was poised to issue a final rule with loan-level disclosure requirements for non-agency MBS earlier this month. The SFIG said it expects the SEC will issue a final rule on the so-called Regulation AB2 “in the near future.”

Large mortgage vendors are expected to buy smaller firms this year "and fit them to their mold," said one industry observer.

Genpact is the latest mortgage vendor to trim staff. At least 81 were let go in its Irvine location.

Radian and United Guaranty were co-champs of the MI league last year. Radian reported the largest new insurance written figure, $55.04 billion.

Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HL’s mortgage sales force.

One area on the bureau’s short list is compliance under the Home Mortgage Disclosure Act.

HMDA Rulemaking on Consumer Advisory Board Agenda. The CFPB has scheduled a Consumer Advisory Board meeting for Feb. 26-27, at the Constitution Center (Auditorium), 400 7th Street SW, Washington, DC. The first day of the event is closed to the public. A close look at the agenda indicates an hour has been set aside for some discussion on a possible Home Mortgage Disclosure Act rulemaking. Speakers scheduled during that session include Mortgage Data Assets Team Lead Ren Essene and Senior Counsel Joan Kayagil. A session later in the day will be...