Risk-retention requirements established by the Dodd-Frank Act generally require sponsors or contributing lenders to retain risk from MBS and ABS issuance to align their interests with those of investors. Some issuers are financing their risk-retention obligations even though regulations regarding such transactions are murky. “A security sponsor or majority-owned affiliate must reconcile a variety of different requirements in structuring a secured financing of its risk-retention ...

As Fannie Mae and Freddie Mac shareholders inch closer to having hundreds of government documents released in pending shareholder lawsuits surrounding the conservatorship and preferred stock purchase agreement, they are more confident the court will rule in their favor. In the latest development in Fairholme Funds v. the United States, Federal Claims Court Judge Margaret Sweeney last week granted a motion to compel the disclosure of documents filed over the summer by ...

Some examiners did not receive adequate training or developmental opportunities, the IG said…

Gripes to the bureau leapt by 53.4 percent on a sequential basis…

There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...

No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…

The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.

Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations…

With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...

The CFPB last week issued an interim final rule to give mortgage servicers more flexibility to communicate with homeowners at risk of foreclosure. “Today’s action should make it easier for mortgage borrowers to receive timely information from their mortgage servicers about available options for saving their home, even if they have submitted a request to cease communication,” said CFPB Director Richard Cordray. In 2016, the bureau made changes to its rules to require servicers to send modified early intervention notices to certain borrowers at risk of foreclosure who asked for an end to communication under the Fair Debt Collection Practices Act. Under the FDCPA, borrowers can tell their servicers to stop contacting them, with some limited exceptions. Once such borrowers ...