Acting Ginnie Mae President Michael Bright said some of the concerns regarding nonbanks raised in a recent Brookings Institute white paper are valid…

One word for crazy signing bonuses paid to LOs: stupid...

Lenders would be more willing to offer non-qualified mortgages if federal regulators established a “regulatory sandbox,” according to the Mortgage Bankers Association. David Stevens, president and CEO of the MBA, made the suggestion in a letter to the Treasury Department last week. He described the concept as a space where businesses can test innovative products and processes without risk of regulatory consequences from noncompliance. Stevens said a sandbox would be ...

There appears to be a long line of counterparties willing to work with Ginnie…

This is what can happen when a federal agency is taken over by someone who once called it a “sick, sad joke.” Consumer Financial Protection Bureau Acting Director Mick Mulvaney this week issued a semiannual report asking Congress to remake the agency and require that major CFPB rules be approved by Congress.

The next and final RFI from the CFPB will address consumer inquiries…

Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.

Mortgage lenders that have received civil investigative demands from the CFPB have complained the process can be trying…

The FHFA’s Office of General Counsel will review all of the comments and report findings...

Such firms would then be eligible for what he called “concierge services” from the agency.