The trade groups claim the Third Circuit ruling relied on an “artificial” interpretation of CFPA’s definition of a covered person.

It’s been a quiet year when it comes to new stock issuance from mortgage REITs. But thanks to the Fed trimming rates by 50 basis points, with another 50 bps in cuts expected, activity could pick up markedly.

New rating criteria for securitizations of residential transition loans have helped increase uniformity across recent issuance.

Morgan Stanley acquired a portion of the failed Signature Bank’s multifamily loans in March. Many of the loans differ in structure from the typical loans that go into commercial MBS.

Improved underwriting and consumer resiliency makes DoubleLine bullish on the consumer ABS market moving forward.

In the short term, there could be some volatility in the agency MBS market as investors adjust to the Fed’s moves. Longer term, volatility is expected to recede, helping investors in agency MBS.

Foreign demand is an area of focus for Ginnie as the Federal Reserve has scaled back its purchases of agency MBS.

SFA restarted its RMBS Symposium event this week, with an agenda driven by issues under consideration at committees and task forces within the association.

Initial details on the planned re-proposal suggest that banks will benefit from the mortgage concessions by federal regulators.

As per a consent order with the CFPB, Navient has agreed to pay $120 million in restitution and fines and permanently exit federal student loan servicing.