There are fewer structural protections in today’s speculative-grade securities backed by subprime auto loans compared to below-investment grade issuances in the 1990s, according to an S&P Global analysis of the subprime auto loan ABS sector.

Some key regulatory concerns remain unresolved or unclarified, according to SIFMA…

It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…

There’s a perception the CFPB will take fewer enforcement actions under the leadership of Mick Mulvaney, but industry attorneys question whether there has been any pullback…

Bankers argue that single-family construction loans should be exempt from TRID because they are temporary and cover construction activity…

Some states are gearing up to tighten their regulation of mortgage servicers to pick up the slack from a perceived pullback by federal regulators, although attorneys said the Consumer Financial Protection Bureau is still enforcing its servicing regulation.

Among those subprime MBS investors: Fannie Mae and Freddie Mac.

On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.

Both the VA and residential originators believe the fee increase would be used to cover expanded health-care benefits…

Cowen: “We would expect enforcement to return with Democratic control and wane with GOP control.”