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The Mortgage Bankers Association is pressing the Consumer Financial Protection Bureau to make reform of the loan-originator compensation rule a top priority.

The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.

Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”

Wells Fargo once again led the complaint pack…

Fairholme adds: “This is good news when you count the cash that Fannie and Freddie have earned and will earn.”

Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.

Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.

The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…