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...

Mortgage lender representatives urged the CFPB recently to delay its project to address the “pain points” associated with the mortgage closing process until after its integrated disclosure rule under the Real Estate Settlement Procedures Act and the Truth in Lending Act takes effect and is fully digested by the industry. “The new rule is intended to greatly simplify consumer disclosures, eliminate surprises at closing and broadly improve the consumer experience,” said the American Bankers Association, the Financial Services Roundtable of the...

As part of the CFPB’s new push for additional reporting requirements under the Home Mortgage Disclosure Act, the bureau, in conjunction with the Federal Financial Institutions Examination Council, has released a new, fairly robust online tool to enable interested parties to explore mortgage data in ways previously unavailable. “Users now have more flexibility in how they sift through the data. They can filter it, download it, create summary tables, and share the results,” said CFPB Director Richard Cordray. “The tool uses a format that is...

In an email exchange with IMFnews, RFC's Stein confirmed the sale, but declined to provide any details including the size of the MSRs or the purchase price.