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Regulation
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Grapevine: The GSE Fee is Cast in Stone / Ocwen Strives to Break Out

October 22, 2020
Dennis Hollier and Paul Muolo
A few weeks back there was some hope that, perhaps, the GSE adverse market fee might get scrapped. Not so. Meanwhile, Ocwen keeps trying to turn things around.
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Calabria Could Be in for a Rough Ride if Biden Wins

October 15, 2020
Dennis Hollier
Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.
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Is CFPB Really Backing Off RESPA Sec. 8 Enforcement?

October 15, 2020
Yemeng Yang
It appears the CFPB might still look at whether referrals are being made under MSAs and whether the payments are intended to ‘disguise’ the referral arrangement.
Read More

Will More Lenders Rush the IPO Door? We’ll See

October 8, 2020
Paul Muolo
Not only are large nonbanks contemplating IPOs but smaller shops are as well. With mortgage banking considered a cyclical business, will it end badly or is it different this time around?
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Nonbank Servicers Express Support for Capital Standards

October 8, 2020
Brandon Ivey
Trade groups representing nonbank servicers are in favor of the CSBS’ proposal, saying it would apply uniformly across states with some differentiation between the largest servicers and others.
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MBA: Don’t Dilute Fannie, Freddie CRT Programs

October 8, 2020
Dennis Hollier
The MBA said a permanent, paid-for government backstop for agency mortgage-backed securities would be the ideal way to ensure a deep, liquid secondary mortgage market.
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If Biden Wins, Look for CFPB Director Kraninger to Exit

October 8, 2020
Yemeng Yang
A Biden victory could have immediate ramifications for the CFPB. What’s in the cards: a change in leadership and more enforcement activity.
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CSBS Moves Ahead with Nonbank Servicing Standards

October 1, 2020
Brandon Ivey
Years in the making, the CSBS late this week finally unveiled its proposal on regulatory standards for nonbank servicers. Trouble ahead?
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FSOC Endorsement of Capital Rule Raises Eyebrows

October 1, 2020
Dennis Hollier
If the Financial Stability Oversight Council gets its way, GSE capital standards will be tighter than what many in the industry want. Is that a problem? Opinions vary.
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Industry Stakeholders Back Fed’s Plan to Revisit CRA

September 24, 2020
Yemeng Yang
Under the Fed’s framework, which in many ways differs from the OCC’s final rule, a bank’s mortgage lending performance will be evaluated in two ways: a retail test and community development measurement.
Read More
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