A proposal last week from federal regulators to reduce capital requirements on mortgage servicing rights for all but the largest banks was met with mostly praise from banks. “The proposal to review and refine capital rules for community banks is a step in the right direction that acknowledges what our members already know,” said Rob Nichols, president and CEO of the American Bankers Association. “Some of the current capital requirements are keeping banks from fully serving their ...
The Congressional Budget Office recently issued a white paper analyzing options to reduce taxpayer exposure to FHA risk while allowing the program to continue providing affordable credit to first-time homebuyers and low-income borrowers. Although FHA continues to write high-quality, newer books of business, the CBO sees more mortgage borrowers with good credit scores, large downpayments or low debt-to-income ratios shifting to the private mortgage market ...
“Those on the left side of the political spectrum are more likely to know what the CFPB is and have a positive opinion of it,” said Cato’s Emily Ekins.
Still, the deal world grinds forward. “Ten days ago, sales were dead, but interest is picking up again,” said Mark Garland, president of MountainView Servicing Group…
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